HWND    BOOK 


OF    THE 


NEW  YORK  FIRE  INSURANCE  EXCHANGE 


JULY,    1910 


"'•sifip^ 


iH^J 


LIBRARY 


OF  THE 


University  of  California. 


OIFT    OF 


Class 


,v 


HAND    BOOK 


OF    THE 


New  York 
Fire  Insurance  Exchange 


CONTAINING 


THE    agreement,     LIST    OF    MEMBERS,     GENERAL 

RULES  AND  RATES,  CLAUSES  AND  PRIVILEGES, 

FORMS  AND  GENERAL  MINIMUM  RATES 


FOURTH   EDITION 


} — >— H — *■ 


Computed  and  Revised  to  Jui^y,  1910 


fee         c 


'     <^  *  -^    .  ' 


Ind 


ex. 


Accrued  Warehousemen's   Charges 83 

Acetylene   (Calcium  Carbide) 54 

Additional  Premiums 28 

Adoption  of  Name 5 

Affidavit  risks  excepted  from  rule  regarding  Re-Insurance  30,  31 

Agency 19-25 

None  in   Manhattan  and  the   Bronx       ....  19,  20 

Exceptions 20 

Not  entitled  to  membership 19 

To  equal   Head  Office  in  rank 19 

Agency   Members,   List   of 34 

Agents. 

Amenable  to  rules  and  rates            .....  23 

Appointment  of,  must  be  reported  in  seven  days        .  25 

Appointments  if  objected  to 25 

Must  be  revoked 25 

Appeals 25 

Not  to  be  given   to  persons  acting  as   solicitors 

only 19 

Brooklyn    Districts    defined 22 

Compensation .  21, 22 

Failing  to  file  Premium  Certificates  to  be  reported     .  27 

Forms  of  Premium  Certificates  to  be  issued  by        .  26,  27 

Hoboken  Agents  not  to  write  in  New  York       .        .  23 

Hudson  County  Agents  not  to  write  in  New  York     .  23 

Jersey   City   Agents   not  to  write   in   New  York        .  23 

Names  and  addresses  to  be  filed  with   Manager        .  25 

New  Jersey  Resident  Agents 23 

None  in  Manhattan  or  the  Bronx            ....  19 
Of  Exchange  companies  may  not  represent  Non-Ex- 

^                   change    companies 19 

Offices  must  be  in  districts  for  which  appointed        .  22 
Outside,  prohibited   from  writing  risks  in   Exchange 

territory 14 

Statement  of  payment  of  premiums  to  be  filed  by        .  26,  27 

Agreement 5-32 

Allowance  of  discount  for  cash  payment  a  violation          .  27,  48 

For  Automatic  Fire  Alarm 39 

For  Automatic  Sprinklers          .        .      y        .        .        .  39, 40 

For  Improvements 77 

For  Sole   Occupancy,   when   not   permissible       .        .  77 


227490 


INDEX. 


u 


Alterations  and  Repairs. 

Extraordinary  (Builder's  Risk) 

Ordinary  (Mechanic's  Privilege) 
Amendments  (changes  in  Agreement)  . 

Annual    Risks 

Apartment  Hotels,  household  furniture  in 
Apartment  Houses 

Area    of 

Definition  of 

^Manager  authorized  to  rate  specifically 

Personal  Property  Limitation  Clause 

Removal  from  Branch  Office  Class  does  not  abro- 
gate Apartment  House  Personal  Property 
Limitation    Clause 

When  Branch  Offices  may  write 

Appeals 

Application  for  rate    .... 

Pass  to  accompany  if  needed    . 
Applications  regarding  transfers  from  storage  stores 
Appointments  of  Agents  and  Branch  Managers  must  be 

reported   in    seven   days 
Appraisals  for  Co-Insurance    . 
Appraisers  of  Valuation  for  Co-ilnsurance,  names  of 

Certificate  to  be   issued  by       .        .        . 

Requirements   for   position 

Removals    of 

Arbitration    Committee 

Accused  member  shall  not  serve  thereon 

Alphabetical  retirement  of  members 

Appeals  from   decisions  of        .        .        . 

Certificates  mailed  to  Local  Companies 

Certificates  mailed  to  outside  Companies 

Chairman 

Composed   of 

Decisions  to  be  abided  by  . 

Fines   may  be  imposed      .... 

May  authorize  substitution  of  policies     . 

Power  to  examine  books    .... 

Power  to  examine  under  oath    . 

Refusal  to  reply,  considered  an  admission  of  truth 

Shall  employ  an  accountant  or  auditor 

Subjects   of  submission  to 

Terms  of  office 

Architects'  Offices. 

Must  be  specifically  rated    . 

Pattern   Limitation    Clause   not  required   on   policies 

covering 

Area   of   Operation 

Arrangements  against  rules  to  be  relinquished 

Information  as  to  such  arrangements     . 


53 
67 
31 
15 
45 

40,41 
40 

40,44 
40 
85 


78,85 

41,44 

13 

54 

55 

16,17 

25 

86,87 

87,88 

86 

86 

87 

10-14 

10,11 

10 

13 

11 

11 

10 

10 

5 

12 

13,14 

11 

11 

11 

11 

5 

10 

55 

97 
14 
32 
3J 


^2 


• 


INDEX.  iii 


Ash  or  Waste  Cans 118 

Assessments  for  Expenses 8 

Assignments  of  elevator  or  warehouse  policies     ...  17 

Automatic   Fire  Alarm 39 

Allowances  for 39 

In  Listed  Storage  Stores 39 

No  permit  granted   for  inoperative  condition      .        .  39 

Owned  or  installed  by  a  Broker 49 

Automatic  Sprinklers  (see  also  Sprinklers)    ....     39,40,41 

Allowance   for 39, 40 

No  permit  granted  for  inoperative  condition      .        .  40 

On   separate   floors 40 

Owned  or  installed  by  a  Broker 49 

Automobiles,   privilege   to   keep 88, 123, 124 

Storage,  stables  for 88 

Average  Clause,  Eighty  per  cent 92 

One  Hundred  per  cent 95 

Average  Rates     . 42, 43 

For  Blanket  Policies  may  be  made  only  by  Manager  43 

Bakeries  in  Stores  and  Dwellings 77 

Basement,  or  Grade  Floor  Limitation 62 

Basements  sprinkled 41 

Discount   for 41 

Benzine 100,  102 

Bin  for  Excelsior  or   Packing  Materials      ....  119 
Binders. 

Form  for  shall  be  prepared 15 

Must  be  at  rates  in  cabinets 41 

On  rated  risks 41 

May  cover  but  one  term  of  insurance     ....  15 

Name  and  address  of  Broker  may  be  printed  on      .  15 
Not    required    between   companies    when    re-insuring 

risks   one   with   another 15,41 

Binding  Risks 41 

Blanket  Policies 42,  43 

Average  rates  for,  may  only  be  made  by  Manager    .  43 

Covering  in  yards  or  on  streets 42,  60,  96 

Highest  rate  must  be  charged 42 

On  building,  machinery  and   stock,   allowance   for     .  42 

On  merchandise,  furniture  and  fixtures,  allowance  for  42 

On  merchandise  in  cars  on  rails 43 

On  merchandise  in   or  on  piers 43 

Under   Restricted   Schedule    * 43,  70 

On  two  or  more  buildings  communicating     ...  42 
On   two   or   more   buildings   not   communicating,   no 

deduction 42 

Blower  System 118 

Boarders  in  dwelling,  presence  of 91 

Boiler   Room       .        .        .       ^ 118 

Brackets,    Gas              119 


INDEX.  iv 


Branch  Offices  and  Branch  Managers 

Amenable  to  rules  and  rates 23 

Apartment  Houses  may  be  written  by,  when      .        .  41,44 

Appointment  of,  must  be  reported  in  seven  days       .  25 

Appointment  of,  if   revoked,    not   to   be    employed     .  24. 25 
Brokerage    not    allowable    to    employee    not    holding 

Certificate 19 

Brooklyn  Offices 22 

Buildings  in  course  of  construction,  when  they  may 

write 21,  51 

Can  act  also  as  head  office  agent 44 

Classes  of  risks  allowed  to  be  written     ....     21,22,23 
Commission    on    specifically   rated    store    and    dwell- 
ing risk 18,44 

Compensation  of  Managers 21,22 

Contingent    commission    to 22 

Convents  may  be  written  by 21 

Form  of  Premium  Certificates,  to  be  made  by    .        .  26 

If  appointments  objected  to 25 

Must  be  revoked 25 

Appeals 25 

Managers 19,  24,  43,  44,  45 

Maintained  by  two  or  more  members     ....  44 

Must  do  business  at  assigned  location  solely        .        .  24 

Must  provide  cabinet  for  list  of  Brokers        ...  45 

Names  and  addresses  to  be  filed   with  Manager       .  25 

None  allowed  in  certain  districts 20 

Omission  to  send  out  cancellation  notices     ...  27 

Penalty    for    violations 24, 25 

Policies  executed  in  blank  by  Head  Office  prohibited  21,43 
Restricted  in  Borough  of  the  Bronx  to  west  of  Bronx 

River 21,45 

Risks  interdicted  not  to  be  written  by  or  through    .  43 

Risks  permitted  to  be  written  by      .             ...  20 
Removal   from   Branch   Office   class   does   not   abro- 
gate   Apartment    House    Personal    Property 

Limitation    Clause •     78, 85 

Specifically  rated  risks  written  by 44 

Stables,  written  by 44 

Territory    allowed 19, 20 

Brick   stores   and   dwellings  with   frame   extensions   take 

frame   rate       .        .        .- 52 

Brokers. 

Business  not  to  be  purchased 18 

Certificates 9 

May  be  revoked 9 

Clerks  or  employees  of  assured  not  eligible    ...  9 

Failure  to  pay  for  unnecessary  inspections     .        .        .  118 

Failure  to  renew  Certificate  in  season     ....  10,  49 


INDEX. 


Brokers — Continued. 

Handlers  of  single  lines  not  eligible      ....  9 

Held  responsible  for  an  employee's  violations     .        .  46 

Gifts  to 43 

May  not  act  as  agents  for  Non-Exchange  Companies  48 

Must  not  install  protective  equipments  of  any  kind     .  49 
Not  to  receive  more  commission  from  Non-Exchange 

than   from   Exchange    Companies      ...  47 

Pledge  required 9 

To   sign   an   agreement 9 

Pledge,  Class  I 38 

Pledge,  Class  II 38 

Presents  to 48 

Right  of  appeal  to  Arbitration  Committee     ...  10 

Brokerage  and  Commission 17, 45, 47 

Allowance    of   rebate    forbidden 45, 46 

Not  allowed  to  Broker  prior  to  date  of  application  for 

Certificate 47 

Not  allowed  under  certain  conditions     ....  12, 13 
When  commission  on  risks  outside  of  Exchange  ter- 
ritory may  be  allowed 29,  46 

Offer  of  rebate 45 

On  additional  premiums 47 

On  buildings  occupied  as  dwellings  and  stores  .            .  47,48 

On  furniture  in  apartment  hotels 46 

On  household  furniture  in  storage  warehouses     .        .  46 
On  policy    covering    in    territory    of    Exchange    and 

Suburban   Fire   Insurance   Exchange        .        .  46 
On    risks    cancelled    by    order    of    Arbitration    Com- 
mittee       . 48 

On  risks  outside  Exchange  territory      ....     45,46,47 

On  risks   rated   under   Restricted   Sprinkler   Schedule  70 

On  tornado    insurance     .           ......  46 

Prior  to  date  of  application  for  Broker's  Certificate     .  47 

To  employee  not  holding  Certificate      ....  47 

Brokerage    Committee       .        =         .                 ....  8-10 

Alphabetical  rotation  of  members 9 

Chairman 9 

Composed  of 9 

Certificates  to  be  revoked  by 9 

New  Certificate  issued  to  such  Broker,  how        .  10 
Revoke    right    to    receive    commissions    for    a    stated 

period 13 

Right  of  Broker  to  appeal  to  Arbitration  Committee  9 

Shall  secure  information  regarding  applicants     .         .  9 

Terms  of  office ...  9 

To  certify  applicants 9 

Brooklyn  Branch  Offices  and  Agencies 22 

Buckets 118 

Builder's  Permits,  renewal  of 53 

Builder's  Risk  (extraordinary  alterations  and  repairs)       .  53 

Building  Signal  Warranty,  Special 98 


INDEX.  vi 


Buildings. 

Brick  stores   and   dwellings   with   frame   addition   or 

extension  take  frame  rate 52 

Communicating     . 57,58 

Blanket  policy  on 57 

With  Subway 57 

Frame  attachments  to  brick  buildings     ....  52 

Frame 122 

Improvements  to 63 

In  course  of  construction 49—53 

Intended  to  be  rated  at  completion  under  Restricted 

Sprinkler   Schedule       . 51,  52 

Must  not  include  machinery,  etc 50 

Rates  for 49 

Requirements  for  policies   covering        ....  49,  50 

Outbuildings 131 

Policies  covering  contingent  liability  on      .         .        .  59 

Unoccupied 81 

Building  Rates 52 

Cabinets  and  rate   cards,  property  of  the   Exchange        .  15 

Calcium    Carbide     (Acetylene) 54 

Privilege  to  use 101 

Cancellation  and  Rebates 16 

Cancellations,  because  of  violations 13, 48 

Cancellations,  Pro  Rata,  of  Risks  transferred  to  Restricted 

Sprinkler  Schedule 70 

Cancellations  for  non-payment  of  premiums        ...  26,  27 

Cancellation    Notices 26, 27 

Cancelling  and  Rewriting  Policies      ......  16 

Cards  and  rate  cabinets,  property  of  the   Exchange        .  15 

Cards  found  incorrect  must  be  reported      ....  55 

Cash  payments,  discount  for,  a  violation      .        .        .        .  27, 48 

Ceilings 118 

Certificates   under   Open    Entry   Policies      ....  54 

May  not  be  signed  and/or  issued  by  insured      .        .  54 

Certificate,  Premium,  form  of 26,  27 

Failure  to  file  to  be  reported *.  27 

Certificating  Cotton 64 

Changes  of  interest  not  to  be  recognized  in  advance        .  56 

Changes  of  Occupancy,   Construction  or  Hazard      .        .  54 

Binders  on  rated   risks 56 

New  rate  issued  same  day  as  application,  governs    .  56 
Pass,   when   required,    to   accompany   application   for 

rate 55 

Privilege  to  open  new  communications    ....  56 

Reductions  in  rate  must  not  be  dated  back        .        .  55 


INDEX. 


vn 


Changes. 

In  Agreement 31 

In  Committees,  notice  of 10 

Charge  for  endorsement  for  extra  premium         ...  72 
for    new    communication    or    other    increase    of 

hazard  shall  be  from  date  of  binding      .        .  55 

if  less  than  25c.  may  be  waived          ....  73 

Charges  against  a  fellow  member 13 

How  made 13 

Source  not  to  be  indicated 13 

Charges,  Warehousemen's  Accrued        .         .        .        .  83, 84 

Church,  Chapel  or  Sunday  School  Form      ....  103, 104 

Cigar  Factories  and  Stores 56 

Clauses,    Privileges,    and   Warranties 85-102 

Must  be   attached   in  full 89, 90 

Apartment   House,  Personal  Property  Limitation       .  85 

Automatic  Fire    Alarm 88 

Automatic  Sprinkler 88 

Automobile  Storage  Stables  (Garages)    ....  88 

Average,    Eighty   per   cent 92 

One  Hundred  per  cent 95,  96 

Certificate  of  valuation  for   Co-Insurance              .        .  86 

Clear    Space   Warranty 89 

Co-Insurance,   Eighty  per  cent        .                ....  92 

One   Hundred  per  cent 95,96 

Consequential   Loss    Exclusion 90 

Distribution 90 

Dwelling  Warranty 90, 91 

Dynamo 91,92 

Eighty  per  cent  Average 92 

Electric    Light       .                93-95 

Flat    House    Warranty 90,91 

Floor  Clause  in  Fireproof  Buildings      ....  99 

Materials,    Work    and 100-102 

Occupancy  Warranty 95 

One  Hundred  per  cent  Average 95, 96 

Other  Floor  Clause  in   Fireproof  Buildings.        .        .  99 

Pattern  Limitation 96,97 

Personal  Property  Limitation 85 

Private   Warehouse  Warranty 97 

Property  Held  on  Storage  and /or  for  Repairs     .        .  89 

Rent 97 

Rental  Value 98 

Special  Building  Signal 98 

Telephone  and  Telegraph  Station 98,  99 

Theatre  Warranties 99 

Transit  Clause  in  Fireproof  Buildings     ....  99 

Waiver,   in   violation 82,  83 

Watchman    and    Clock 99 

Wharf 100 

Work   and   Materials .  100-102 


INDEX.  viU 


Clear  Space  Warranty 89 

Clerk  of  assured,  no  brokerage  to 9 

Clothing  Manufacturing 127 

Clothing,  oiled.  Stocks  of  in  Stores  and  Dwellings     .        .  77 

Co-Insurance 59,60,92,93,95,96 

Appraisals   for 86-88 

Covering  household  furniture 62,  63 

Eighty   per   cent   rules 59 

Eighty  per  cent  Clause 92 

One  Hundred  per  cent^rules 60 

One  Hundred  per  cent  Clause 95 

In   building  policy       .        ,        .        .        .        .        .     '   .  60 

May    be    modified        ...?....  59 

May  be  dispensed  with 59 

Working  a  hardship  to  assured 59 

Cold  Storage,  Consequential  Loss  in 58 

Commission  not  to  be  allowed  for  re-insurance  of  Non- 
Exchange  companies  by  members     ...  30 
Commissions  and  Profits,  no  allowance  for  Full  Co-Insur- 

ance  Clause 56 

Rate  for 56 

Committees. 

Arbitration 10-14 

Brokerage 8-10 

Executive 8 

Nominating 6,  7 

Rate 8 

Common  Carriers 104-106 

Communicating    Buildings 57,  58, 119 

Blanket  policies  covering  on  ....        42,  43,  57,  58 

Privilege  to  open  new  communications    ....  58 

With  non-approved  doors 57 

Communications 57, 58 

Companies  represented  by  members 35-37 

Company  Members 33,  34 

Company  to  notify  Manager  whether  Agent  or  Company 

to  vote 7 

Compensation  of  Branch  Managers 21,22,24 

Composition  of  Membership 6 

Competitive   Rates 58 

Condition 119 

Consequential  Loss  in  Cold  Storage 58 

Loss   Exclusion   Clause 58 

Construction,  fireproof  and  superior 59 

Contingent  Liability  on  buildings 59 

Contingent  Commission  to  Branch  Managers       .        .  22 

Convents  may  be  written  by  Branch  Managers        .        .  23 

Correction  or  Cancellation  of  policies          ....  12 

Correction  of  Deficiencies,  Requirements  in        .        .        .  118-120 


* 


'..*i 


INDEX.  « 


Cotton  Floaters 110-113 

Credit  for  full  return  premiums  a  violation      ...  27 

Debris,  Removal  of 69 

Decisions  to  be  abided  by 5 

Deductions,  Order  in  which  shall  be  made  ....  67 
Defective  Electrical  or  Heating  Apparatus,  charge  for  .  81,  82, 122 
Deficiencies,  Requirements  in  Correction  of. 

Ashes 118 

Blower  System 118 

Boilers 118 

Buckets 118 

Ceilings   or   side    walls 118 

Communications 119 

Conditions 119 

Drying 119 

Fire   Extinguishers 119 

Fire  Heat    . 119 

Flues 119 

Floor  Openings 119 

Gas    Brackets 119 

Heating 119 

Lighting 119 

Oily  Waste  or  Rags 119 

Packing   Materials 119 

Pails 119 

Shavings  Vault 120 

Shutters          . 120 

Skylight 120 

Storage  of  Oils,  etc 120 

Unsafe    Heating   Apparatus       .        .        .        .        .        .  120 

Waste  or  Rags,  oily 119 

Watchman    and    Clock 120 

Watchman's  Lantern 120 

Dental  tools  and  physician's  implements  ....  129,  140 
Diagrams,   plans,  schedules,   etc.,  must  be   filed  with   an 

interested   member 67 

Discount  for  cash  payment  a  violation        ....  27,48 

Distribution  Clause *        •  90 

Rules   covering  apply  when  policy   is   written   under 

an  average  rate 42 

Districts  defined.    Brooklyn     .......  22 

Doors,    non-approved 57 

Dressmakers  and  Milliners  in  dwellings      ...         79, 130, 139 

Drying 119 

Dwelling  Occupation,  Warranty  for 90, 91 

Dwellings. 

Charge   if  personal  property  is   included  in  building 

form 63 

Dressmakers  and  milliners  in 79, 130, 139 

English  Basement 78 


INDEX. 


Dwellings — Continued. 

Fireproof 59,130,131 

Floater  covering  in 47 

High  Stoop 78 

Long  Island  City 63 

Stores  and  dwellings 63 

Presence  of  boarders  in 91 

Warranty 90,91 

Dynamo  Clause 91,  92 

Educational  Institutions 20,21 

Pattern  Limitation  Clause  not  required  on  policies  cover- 
ing   97 

Eighty  per  cent  Co-Insurance  or  Average  Clause     .        .  92 

Election  of  Officers 6 

Electric   Light    Clause 93-95 

For  Electric  Car  Barns 94 

For  Electric  Light  and  Power  Stations   ....  94 

For  Listed  Cold  Storage  Stores      ......  65 

Electrical  and   Heating  Apparatus,   defective,  charge  for  122 

Employees  of  Exchange 7 

Employee  of  Broker  not  holding  a  Certificate,  brokerage 

not  allowed  to 19, 47 

Employment  of  an  employee,  agent  or  Branch  Manager 

of  a  Non-Exchange  company     ....  23 
Endorsement  for  payment  of  extra  premium,  failure  to 

charge   for 72 

Error  and  Omission  Policies 84 

Excavations 61 

Excelsior,  Bin  for 119 

Exchange  business,  brokerage  on 17-20 

Exclusion  from  policy  form  of  any  rated  property  a  vio- 
lation          60,61,92 

Executive  Committee 8 

Alphabetical  retirement  of  members      ....  8 

Chairman  of 8 

Change  bi-monthly 8 

Composed    of 8 

Expenses,  assessment  for 8 

Explosives,   permission  to   use        ......  100-102 

Exposures  under  Long  Island  City  rates      ....  65,  66 

Extensions,  frame,  make  brick  stores  and  dwellings  rate 

as  frame 52 

Extension  of  time  for  payment  of  premiums      ...  28 

Extinguishers,  Fire 119 

Ex-officio  members  of  Standing  Committees      ...  6 

Factories,    Cigar 56 

Failure  to  attend  meetings,  fine  for 7 

To  charge   for   endorsement   for  extra   premiums       .  72 

To  correct  or  cancel  a  policy  in  error  a  violation     .  6 

To  renew  Broker's  Certificate  in  season     ...  10 


INDEX.  xi 


Ferry  Property 5g 

Fines  by  Arbitration  Committee 12 

Fine  for  non-attendance  at  meetings 7 

Fire  Alarm,  Automatic 39 

Allowance   for 39 

Allowance  when  in  listed  storage  stores          ...  39 

Inoperative   condition   of 39 

Owned  or  installed  by  a  broker       .        .        ...  49 

Fire  Extinguishers 119 

Fire  Heat 119 

Fireproof   Construction             59 

Fireproof  Dwellings   .........         59, 130, 131 

Fireworks 132 

Charges  for  . 132 

Fixtures 61 

Flat  House  Warranty 90,91 

Household  furniture  transferred  to        ...        .  80 

Defined  .        .        '. 131 

Floating  Policies  covering  outside  jurisdiction,  brokerage 

on 45,46,47 

Floater  covering  in  dwellings  or  stores  and  dwelhngs       .  47 

Floater  Forms 107-114, 115, 116 

Floor  Clause  in  Fireproof  Buildings 99 

Floor  Openings 119 

Flues 119 

Forms 103-117 

Broad  Excess  Cotton  Floater 112, 113 

Broad  Excess  Floater,  Excluding  Cotton     .        .        .  Ill,  112 

Broad  Limited  Cotton  Floater 113, 114 

Broad  Limited  Floater,  Excluding  Cotton     .        .        .  112 

Chapel .  103,  104 

Church 103,  104 

Common  Carrier         .        .        .        .        .        .        .        .  104-106 

Floater         107-114,  115, 116 

For    Minimum    Rated    Risks 117 

For  policies  and  a  binder  to  be  prepared    ...  15 

Graded    Grain    Clause 114 

Grain  on  Track  at  Railway  Terminals  ....  114 

Jewelry 114,  115 

Legal    Liability 104-106 

Manufacturing   Floater 115,  116 

Ordinary  Excess  Cotton  Floater 110 

Ordinary  Excess   Floater,   Excluding   Cotton      .        .  109, 110 

Ordinary  Limited  Cotton  Floater 110,  111 

Ordinary  Limited  Floater,  Excluding  Cotton        .        .  109,  110 

Pawnbrokers 116, 117 

Substitution  of  new 79 

Sunday   School 103,  1(H 

Foundations  below  the  level  of  the  ground       ...  61 

Of  machinery  may  not  be  excluded      ....  61 


INDEX.  xii 


Fractional  part  of  a  cent  in  calculating  premiums     .        .  72 

Frame   Buildings 122 

Frame  extensions  or  additions  to  Stores  and  Dwellings 

make  brick  buildings  rate  as  frame     ...  52 

Full  Co-Insurance  or  100  per  cent  Average    ....  60 

As  to  policies  covering  in  yards  or  on  streets       .        .  42,60,96 

Full  term  of  Builder's  Risk 53 

Furniture,    Household 62,63 

Co-Insurance 62, 63 

Policies   covering  may  not  include   Office    Furniture 

and    Fixtures 61 

Transfer  of  policies  covering 62,  63,  80 

Furniture   and   fixtures 61 

When  electrical  apparatus  included 61 

Furniture  Stocks  in  Stores  and  Dwellings     ....  77 

Garages 88 

Private  Family  or  Business      ......  124 

Gas   Brackets 119 

Gas  engine  in  store  and  dwelling  risk         ....  78 

Gasolene,  privilege  to  use 100^102 

General   Minimum   Rates 121-147 

General  waiver  of  Work  and  Materials  Clause     .        .        .  100 

Gifts   to   Brokers 48 

Goods  in  Fireproof  Safes 142 

Grade  floor  and  basement,  limitation     .....  62 

Graded   Grain   Clause 114 

Grain  on  Track  at  Railway  Terminals    .....  114 

Grievance  or  Arbitration  Committee 10-14 

Gunpowder,  privilege  to  use 100-102 

Hay  and  Straw  in  Stores  and  Dwellings     ....  77 

Hazard,  changes  of •  54-56 

Heating 119 

Heating  and  electrical  apparatus,  defective,  charge  for  81,  82, 121, 122 

High   stoop   dwellings '''8 

Hoboken  Agents  not  to  write  in  New  York     ...  23 
Hotels. 

Hotel  furniture 83 

Household  furniture  in 63 

Household  furniture  in  Apartment  Hotels     ...  46 

Raines    Law ^^ 

Household   Furniture 62, 63 

Co-Insurance    Clause    required 62 

In  apartment  hotels 46 

In  hotels 63 

In  living  apartments 62 

In  storage  warehouses •  46,62 

Pattern   Limitation   Clause   not  required   on   policies 

covering ^6 

Personal  property  of  guests  of  hotels     ....  63 

Transfer  of  policies  covering 62 


INDEX.  xiii 


Hudson  County  Agents  not  to  write  in  New  York     .        .  23 

Hudson   River  Stores,   Consequential  Loss  Clause  in       .  90 

Improvements  to  buildings 63 

Increase  in  amount  of  insurance  on  risks  not  permitted 
to  be  written  by  Branch  Managers  must  be  at 

short   rates 72 

Increase  of  hazard  without  notice         .        .        ...  55 

Ineligibility  to  membership 6 

Information  as  to  arrangements  against  rules  to  be  fur- 
nished         32 

Inspections,  unnecessary 118 

Insurance     . 

In  non-Exchange  companies 45, 46 

Marine    ...            26 

Tornado 26, 45 

Jersey  City  Agents  not  to  write  in  New  York      ...  23 

Jewelry  Form 114, 115 

Jobbing  Painters,  subject  to  specific  rate     ....  77 

Junk  Stocks  in  Stores  and  Dwellings 77 

Leases 63,  64 

Policies  blanketing  household  furniture  ....  64 

Pro  rata  rate 64 

Legal   Liability   Forms 104-106 

Liability  for  rent  of  piers  and  bulkheads     ....  69 
Libraries. 

Pattern   Limitation   Clause   not   required   on   policies 

covering 97 

Lighting,  requirements  for      . 119 

Limitation     Clause,     Personal     Property,     in     apartment 

houses ,  85 

List  of  Members 33,34 

Listed  storage  stores 64, 65 

Local  tariff  to  govern  property  outside  the  Exchange     .  29 

Long  Island  City  dwellings 65,66 

Long  Island  City  rates 65,  66 

Long  Island  City  stores  with  dwelling  above  grade  floor  65,  66 

In  rows  of  three  or  more  frame  buildings  adjoining  66 

Eighty  per  cent  Clause  required 66 

Loss,  consequential,  in  cold  storage  stores    ....  58 

Machinery  at  building  rates 66 

Foundation  of,  may  not  be  excluded      ....  61 

Make-up  or  Schedule  of  Rate 71 

Manager  of  Exchange 7 

Manager's    Request    for    Correction    or    Cancellation    of 

Policies 12 

Managers,  Branch. 

Amenable  to  rules  and  rates 23 

Apartment  houses  may  be  written  by,  when  ...  41,  44 

Appointment  of,  must  be   reported  in  seven  days    .  25 


INDEX.  XIV 


Managers,  Branch — Continued. 

Appointment  of,  if  revoked,  not  to  be  employed        .  24,  25 
Brokerage  not  allowable  to  employee  not  holding  Cer- 
tificate        19 

Brooklyn    Offices 22 

Buildings  in  course  of  construction,  when  they  may 

write 21,51 

Can  also  act  as  head  office  agent 44 

Classes  of  risks  allowed  to  be  written   .        .        .        .21, 22, 23 

Compensation   of 21,22 

Contingent   commission    to 22 

Convents  may  be  written  by 21 

Dealings  must  be  confined  to  members  represented    .  22 

Form  of  Premium  Certificates,  to  be  made  by     .        .  26 

If  appointments  objected  to 25 

Must   be    revoked 25 

Appeals 25 

Maintained  by  two  or  more  members     ....  44 

Must  do  business  at  assigned  location  solely      .        .  24 

Must  provide  cabinet  for  list  of  Brokers     ...  45 

Names  and  addresses  to  be  filed  with  Manager    ,        .  25 

None  allowed  in  certain  districts     .....  20 

Omission  to  send  out  cancellation  notices     ...  27 

Penalty   for   violations 24, 25 

Policies  executed  in  blank  by  Head  Office  prohibited  21,  43 
Restricted  in  Borough  of  the  Bronx  to  west  of  Bronx 

River 21,45 

Risks  interdicted  not  to  be  written  by  or  through     .  43 

Risks  permitted  to  be  written  by     ....        .  20 

Specifically  rated  risks  written  by 44 

Stables,  written  by 44 

Territory    allowed 19, 20 

Manufacturing  Floater 115, 116 

Manufacturing    Risks 138 

Hand  power,   shall   include 138 

Steam    power,    shall    include 138 

Marine  insurance 26 

Market   Price 66 

Mattress  Makers  in  Stores  and  Dwellings    ....  77 

Mechanic's    Privilege-ordinary   alterations  and   repairs    .  67 

Alterations  and  repairs,  ordinary     .....  67 

Elevator  shafts 53 

Endorsement,  full  term 53 

Fireproof  risks 53 

Standard  Policy 53 

Mechanic's   Tools       . 67 

Meetings 7 

Fine  for  non-attendance 7 


INDEX. 


34 


Members. 

Agency  .        .        .        .        .        .        .  ^ 

Companies  represented  by,  list  of 35-37 

Company 33, 34 

List    of 33,  34 

Not  having  offices  in  New  York  not  to  be  fined 

for  non-attendance  at  meetings        ...  7 

Must  not  employ  employees  of  Non-Exchange  com- 
panies         23 

Not  to  write  risk  which  Branch  Manager  has  can- 
celled by  order  of  Arbitration  Committee      .  13 

Not  to  write  risk  cancelled  by  order  of  Arbitration 

Committee  in  other  companies  represented    .  13 

Pledge   of 32 

Re-insuring   Non-'Exchange   companies-not   to  allow 

commission 30 

Signature  to  Agreement  and  Pledge      ....  32 

Membership,  Composition  of 6 

Merchandise. 

In  cars  on  tracks 43 

Policies  on,  in  storage  stores,  may  not  be  changed  to 

cover  other  merchandise 65 

Policies  on  stock  of,  if  written  for  more  than  one  year  79 

Merchandise  Forms  may  not  be  substituted  one  for  an 

other  or  for  specific  insurance 
Milliners  and  Dressmakers  in  dwellings 

Minimum   Rates 

Minimum  Rated  Risks,  Policy  Form  for 
Moulds,  patterns,  etc.,  policies  covering 
Moving  Picture  Exhibition  in  Store  and  Dwelling 
Museums. 

Pattern   Limitation    Clause   not   required   on   policies 

covering 97 

Name,  adoption  of 5 

Naphtha,    privilege   to    use 100-102 

New  communications,  privilege  to  open      ....  68 

New  Jersey  Resident  Agents 23 

No  brokerage  to  clerk  of  assured 18 

No  other  kind  of  risk  to  be  covered  in  Fire  Policy    .        .  26 

Nominating  Committee 6,7 

Non-attendance  at  meetings,  fine  for 7 

Notice  of  changes  in  Committees 10 

As  to  who  shall  answer  roll  call 7 

Of  cancellation 26 

Object  of  Exchange 6 

Objection  to  appointment  of  Agent    or  Branch  Manager  25 

Occupancy  (see  also  Sole  Occupancy) 95 

Changes  of 54-56 


65 

79,  130,  139 

121-147 

117 

96 

78 


INDEX.  xvi 


Office  Furniture  and  Fixtures. 

May  not  be  included  in  Household  Furniture  Form  61 
Officer  or  employee  of,  or  person  sharing  office  accommo- 
dation with,  Non-Exchange  Company  ineligi- 
ble  to   membership 6 

Officers,  election  of 6 

Of  Exchange,  to  be  ex-officio  members  of  Committees  6 

Offices  of  Agents  must  be  in  District  for  which  appointed  22 

Oil  and  Petroleum  Stocks  in  Stores  and  Dwellings   .        .  77 

Oiled  Clothing  Stocks  in  Stores  and  Dwellings    ...  77 

Oils,  storage  of 119 

Oily  Waste   and   Rags 119 

Oil,  when   privilege   to   use  for  heat  or  power   may  be 

granted 102 

Omission  and  Error  policies 84 

One   Hundred   per   cent   Average    or   Full   Co-Insurance 

Clause 95 

Required  on  policies  covering  in  yards  or  on  streets     42,  60,  96 

Open   Entry   Policies,   Certificates  under      ....  54 

May  not  be  signed  and/or  issued  by  insured      .        .  54 

Open   Entries 28 

Rate 28 

Time  of  closing 28 

Order  in  which  deductions  shall  be  made     ....  67 

Order  of  business 7 

Other  Floor  Clause  in  Fireproof  Building     ....  99 

Out-buildings 131 

Out-of-town  Companies 6 

Not  having  offices  in  New  York  exempt  from  fine  for 

non-attendance  at  meetings        ....  7 

Signatures    of 32 

Outside  risks,  brokerage  on 29 

Packing  materials,  bin   for      ,            119 

Pails 119 

Painters,  jobbing,  subject  to  specific  rate     ....  77 

Painters'  Supplies  in  Stores  and  Dwellings        ...  77 

Paper  Stocks  in  Stores  and  Dwellings    .....  77 

Pass  to  accompany  application  for  rate  if  needed     .        .  55 

Pattern  Limitation  Rule  and  Clause 96, 97 

Pawnbrokers 116,117 

Penalty   for   violations 12 

Personal  Property  Limitation  Clause  in  Apartment  Houses  85 

Petroleum  Stocks  in  Stores  and   Dwellings        ...  77 

Pew  Rents 70 

Photograph  Galleries  in  Stores  and  Dwellings  ...  77 
Physicians*  implements  and  dental  tools  ....  129,  140 
Plans,   diagrams,   schedules,  etc.,   must  be   filed   with   an 

interested    member 67 


.}sr 


INDEX. 


xvii 


Pledge  of  Member 32 

Pledges  of  Broker 38 

Policies,  Forms  for,  to  be  prepared 15 

Blanket 42,  43 

Average  rate 43 

Co-Insurance  Clause  in 42,  43 

Covering  merchandise   in   cars  on  tracks      .        .  43 

On  communicating  buildings 42 

Rates  to  be  charged 42 

Standard   Distribution   Clause   in      ...        .  42 

Cancelled   and   immediately   rewritten     ...  16 

Cancelled  pro  rata 16 

Covering  contractors   on   Public   School  Buildings     .          50,51 
Covering  Interest  Dependent  on   Duration  or  Inter- 
ruption  of  Business 82 

Covering  Patterns,   Moulds,  etc 96 

Executed  in  blank  by  Head  Office  prohibited      .        .  43 

In  error,  failure  to  correct  or  cancel  a  violation        .  6 

May  not  be  cancelled  pro  rata 16 

On  Merchandise,  may  not  be  changed  to  cover  other 

Merchandise 65 

Ordered  cancelled. 

By  whom  rewritten              13 

No  brokerage  on  rewritten  policy     ....  12,  48 

Reinstated   after   a   fire 73 

Term 79,80 

Definition   of 79 

On   hotel    furniture 63 

On  household  furniture 63 

Substitution  of 13, 14 

Use  and  Occupancy 82 

Warehousemen    . 83,  84 

Policy  covering  in  and  outside  Exchange  territory     .        .  29 
Policy  Form  for  Minimum  Rated  Risks      ....              117 

Power  and  Electric  Light  Stations  Clause     ....  94 

Preamble  to  Agreement 5 

Premium   Certificate,   Form  of 26, 27 

Failure  to  file  to  be  reported 27 

Premiums. 

Additional 28 

Cancellation  notice  withheld  on  account  of  credit  due 

broker 27 

Charges  under  25  cents  may  be  waived    ....  28 

Checks  dated  later  than  time  fixed 28 

Checks  in  payment  held  more  than  24  hours      .        .  28 

Collection  of  on  policies  located  outside  jurisdiction  28 

Direct 27 

Manager   shall   report   names   of   delinquents       .        .  27 

Notice  of  cancellation  for  non-payment  of    .        .        .  26 

Payment  of 26 

Re-Insurance 28 

Time  for  payment  may  be  extended      ....  28 


INDEX.  xviii 


Presence  of  boarders  in  dwelling 91 

Presents  to  Brokers 48 

Printers  in  Stores  and  Dwellings 77 

Private    Warehouses 68 

Privileges,   Clauses,  and  Warranties 85-102 

Privilege  for  use  of  Benzine  and  similar  articles      .        .  100-102 

To   keep   automobiles 88, 123, 124 

To  open  new  communications 58 

To  use  oil  for  heat  or  power,  when  may  be  granted  102 

Profits   and    Commissions 56, 57 

Property  held  on  Storage  and/or  for  Repairs.        ...  89 

Property  in  yards,  rates  on 56 

Property  outside  Exchange  territory,  local  tariff  to  govern  29 

Pro  rata  renewals 72, 73 

On   Term   Policies 79, 80 

Public  Schoolhouses  in  Course  of  Construction        .        .  50 

Quorum 8 

Rags   in   Stores   and   Dwellings 77 

Railroad  Property 68 

Raines  Law  Hotels 69 

Rate,  Application  for 54 

Cabinets  and  cards,  the  property  of  the  Exchange    .  15 

Rates 15 

Building 52 

Buildings  in  Course  of  Construction     ....  49-52 

Cards  found  to  be  incorrect 55 

Competitive 58 

General    Minimum 121-147 

Governing   Re-Insurance  written  within,  on   Policies 

covering  outside   Exchange  territory       .        .  30 

Long    Island    City 65,66 

New  rate  on  day  of  application 56 

On  brick  buildings 52,  121, 122 

On    merchandise    in    Frame,    and    Brick   and    Frame 

Buildings 122 

On  property  in  yards 56 

On  Stores  and  Dwellings 77-79, 144 

Reduction    of        .      •  .        . 16, 69 

Tables  of  short 74-76 

Rate  Committee 8 

Composed   of 8 

Chairman    of 8 

Alphabetical   retirement  of  members      ....  8 

Ratings  to  be  recommended  and  changes  thereof      .        .  15 

Rebates    and    cancellations 16 

Rebates  on  Plate  Glass,  Casualty,  etc 45 


INDEX.  xix 


• 


Rebates    not    allowed 18 

Reduction  of  Rate  without  change  of  hazard     ...  67 

Reductions  in  rate  must  not  be  dated  back      ...  55 

Re-instatement   after   loss 73 

Re-Insurance 30 

Affidavit  risks  excepted 30 

In   companies   not   admitted   to   transact   business   in 

Exchange  territory 30 

In    outside    Companies 31 

May  be  at  rate  of  original  policy 30 

Of  Marine  Insurance  Companies 30 

Of  Non-Exchange  Companies  by  members,  no  com- 
mission to  be  allowed 30 

Of  policies  issued  prior  to  the  Exchange     ...  31 
Railroad  terminal  property  excepted      .        .        .        .  31, 68 
Written    within,    on    policies    covering    outside    Ex- 
change territory,  rates  governing      ...  30 

Removal  of    debris 69 

Renewals 41 

Notice  of,  if  signed,  becomes  a  Binder    ....  41 

Rent  and   Rental  Value   Clause 97, 98 

Rents 69 

Liability  for  on  piers  and  bulkheads      ....  69 

Pew 70 

Repairs  and  Alterations 53, 67 

Requirements  in  Correction  of  Deficiencies  ....      118-120 

Resident  Agents,  New  Jersey 23 

Resignations 31 

Restricted  Sprinkler  Schedule,  Rules  and  Commission    .  70 
Pattern    Limitation    Clause   not   required   on   policies 

covering 97 

Risks  transferred  to,  from  Other  Schedules  ...  70 

Return  Premiums,  Credit  for  full,  a  violation     ...  27 
Risks. 

Annual 14 

Builders 53 

Manufacturing 138 

Hand   power   shall   include 138 

Steam   power  shall  include 138 

No  other  kind  in  fire  policies 26 

Short  term             14 

Specifically  rated,  written  by  Branch  Manager     .        .  44 

Term 14,15,79 

Unrated 14 

Written  at  Brooklyn  Branch  Offices      ....  22 

Roll  Call,  notice  as  to  who  shall  answer     ....  7 

Rules  to  apply  to  all  risks 19 

Schedule  or  make-up  of  Rate 71 

Schedules,  plans,   diagrams,   etc.,   must  be   filed   with   an 

interested  member 67 


INDEX. 


Schoolhouses 20,21,50 

Sculptors'  Studios. 

Pattern   Limitation   Clause   not   required   on   policies 

covering 97 

Shavings  Vault 120 

Short    Rates 71-73 

Tables   of 74-76 

Short    term    risks 14 

Shutters 120 

Signatures  of  out-of-town  Companies 6 

Skylight 120 

Sole  Occupancy 77 

Allowance   for 77 

In  risks  not  specifically  rated '^'^ 

When   not   permissible 77 

Solicitors 77 

Agents'  appointments  not  to  be  given  to  persons  act- 
ing as  solicitors  only 19 

Space  Clause  (Clear  Space  Warranty) 89 

Special  Building  Signal 98 

Sprinklers,  Automatic 39,  40,  41 

Allowance  for 39, 40 

Clause 88 

In  basement,  allowance  for 41 

Inoperative    condition 40 

Owned  or  installed  by  a  Broker 49 

Sprinkler  equipments  on  separate  floors      ....  40 

Stables 143,144 

Automobile,    storage    in 123,  124 

Written  by  Branch  Managers    ......  44 

Standard  Distribution  Clause 90 

Statements  to  be   filed ^5 

Storage,  Cold,  Loss  in 90 

Storage  of  oils,  etc 120 

Storage  Stores, 

Listed 64,65 

Private 68 

Stores   and   dwellings 77-79 

Cigar 56 

Dressmaking  and  millinery  carried  on  in        .        .         79, 130, 139 

English  basements "^8 

Floater  covering  in 47 

Gas  engine  in "^^ 

High  stoop "^8 

In  Long  Island  City  with  dwellings  above  grade  floor  65,66 

Jobbing  Painter  in "^"^ 

Moving  Picture  Exhibition  in 78 

Rates  on  stocks  in  (see  General  Minimum  Rates)     .  121-147 

Warranty *^^ 

Withdrawal  of  warranty     <        .        *        «        »        •        •  7* 


nv 


INDEX.  xxi 


Stoves,  unsafe 120 

Straw  and  Hay  in  Stores  and  Dwellings     ....  77 
Studios,   Artists'   or   Sculptors'. 

Pattern   Limitation    Clause   not   required   on   policies 

covering 97 

Subjects  of  submission 5 

Substitution  of  new  form  on  policies 79 

Subway,  Buildings  Communicating  with      ....  57 

Superior    Construction 59 

Sunday    School    Form 103, 104 

Synagogues,    Church,    Chapel    or    Sunday    School    Form 

covering 103, 104 

Term  Risks 14, 15 

Telephone  and  Telegraph  Station  Clause     ....  98, 99 

Term  Policies 79, 80 

On  Household,  Store  and  Office  Furniture  and  Fix- 
tures            79 

On  Mercantile  or  Manufacturing  Risks   ....  79 

Territory  excluded   from   the   Exchange       .        .        .       , .  14 

Theatre  Warranties 99 

Theatrical  Floater,  Rebate  on  a  violation     ....  47 

Time  for  payment  of  premiums  may  be  extended     .        .  28 

Tools 67 

Tornado  Insurance 26, 45 

Transfers 16, 17 

From  listed  storage  stores 16, 17 

Limited  to  thirty  days 17 

Of  insurance  written  by  Non-Exchange  Companies     .  46 

Of  policies  covering  household  furniture      .        .        .  17,  80 

To  or  from  a  warehouse,  public  or  private     ...  80 

Transit   Clause   in   Fireproof   Buildings        ....  99 

Treasurer  under  bond 6 

"Two-Family    Houses"   may   not   have    Apartment    House 
Personal   Property  Limitation   Clause  attached 

to   policies 85 

Unnecessary  Inspections 118 

Unoccupancy  Warranty 50, 81 

On  apartment  houses  when  not  required      ...  81 
On  buildings  in  course  of  construction    .        .        .        .49,  50,  81 

Unoccupied    Buildings 81 

In  Course  of  Reconstruction 51,  81 

Unrated  Risks 14 

Unsafe    Flues 120 

Heating  apparatus 81,82,121,122 

Stoves 120 

Upholsterers  in  Stores  and  Dwellings 77 

Use  and  Occupancy 82 

Per   Diem    Indemnity 83 


INDEX.  xxii 


Valuation  of  buildings  for  Co-Insurance      ....  86,87 

Vault  for  shavings 120 

Violation  of  rules  by  an  employee 46 

Violations,  penalty  for 12 

Waiver  Clauses  in  violation 82,83 

Waiver  of  acts  of  tenants  or  insured 83 

Warehousemen's    Policies 83, 84 

Accrued  charges  83 

Errors   and   omissions 84 

Warranties. 

Automatic   Fire   Alarm 88 

Automatic  Sprinkler 88 

Clear  Space 89 

Flat  House 90,91 

For  dwelling  occupation 90, 91 

Occupancy .  95 

Private  Warehouse 97 

Sole  Occupancy 77 

Special  Building  Signal 98 

Unoccupancy 81 

Theatre 99 

Watchman  and  Clock 99,100 

Warranties,   Clauses   and   Privileges 85-102 

Waste  or  ash  cans 118 

Waste  and  Paper  Stocks  in  Stores  and  Dwellings     .        .  77 

Watchman  and  Clock 120 

Watchman's    Lantern 120 

Wharf  Clause 100 

Withdrawals .  31 

Woodworkers   in   Stores   and   Dwellings      ....  77 

Work  and  Materials  Clause 100-102 

For  Transportation  Companies 101 

Workingmen's   Tools 67 

Writing  risks  in  Exchange  territory  by  outside  agents  pro- 
hibited        14 


fB 


ORDER  OF  ARRANGEMENT. 

The  Order  of  Arrangement  by  Sections  in  this  Book  is  as 
follows : 

AGREEMENT   UNDER   WHICH   EXCHANGE   IS   ORGANIZED. 

LIST   OF   SUBSCRIBERS   TO   THE  AGREEMENT. 

LIST  OF  COMPANIES   REPRESENTED  BY    MEMBERS    AND   AGENTS. 

broker's    PLEDGES. 

GENERAL    RULES    AND    RATES. 

CLAUSES    AND    PRIVILEGES. 

FORMS. 

REQUIREMENTS  IN  CORRECTION  OF  DEFICIENCIES. 

GENERAL    MINIMUM    RATES. 

RULINGS  in  the  Agreement  Section  are  indicated  by  being 
printed  in  HEAVY- FACE  TYPE;  in  other  parts  of  the  book  by 
having  the  subject  printed  in  HEAVY-FACE  TYPE;  and  the 
authority  making  them  is  indicated  as  follows: 


A. 

C. 

FOR 

ARBITRATION 

COMMITTEE. 

b. 

c. 

(t 

BROKERAGE 

« 

E. 

c. 

s 

1 

€t 

EXECUTIVE 

*t 

R. 

c. 

« 

RATE 

tt 

S. 

v^. 

c. 

(( 

STORAGE   WAREHOUSE   COMMITTEE. 

M, 

It 

MANAGER. 

And  when  a  date  only  is  given  it  indicates  that  it  is  a  vote  of  the 
Exchange. 

The  number  of  the  Circular  on  which  the  ruling  or  vote  was 
promulgated  precedes  the  authority  making  it. 


\\ 


V     ^  4    t> 


NEW  YORK  FIRE  INSURANCE 

EXCHANGE. 


AGREEMENT 

UNDER  WHICH   ORGANIZATION  WAS   EFFECTED 

MARCH  8th,  1899. 


Preamble 


Objects  of 
Association 


Section  i. 

Whereas,  the  association  of  underwriters  for 
mutual  counsel  and  comparison  of  experience  is 
necessary  for  the  determination  of  adequate 
and  just  rates  of  premium,  the  economical  con- 
duct of  the  business,  the  prompt  and  equitable 
adjustment  of  losses,  the  ascertainment  of 
proper  and  safe  methods  of  construction  of 
buildings,  and  the  prevention  and  extinction 
of  fires;  and  whereas,  such  an  association  of 
underwriters  is  in  the  mutual  interest  of  the 
underwriter  and  the  property  owner;  there- 
fore, 


Name  adopted 


Subjects  of 
Submission   to 
Arbitration 
Committee 


Decisions  to  be 
abided  by 


Section  2. 

In  pursuance  of  Section  21*  of  the  By-Laws 
of  the  New  York  Board  of  Fire  Underwriters, 
the  subscribers  hereto,  by  our  signatures,  af- 
firm our  support  and  membership  in  the  New 
York  Fire  Insurance  Exchange.  We  agree  to 
submit  any  doubtful  questions  as  to  rates, 
rules,  commission  or  brokerage  that  may  arise 
under  this  Agreement  to  the  Committee  on 
Arbitration  or  Grievances,  hereinafter  pro- 
vided for,  and  we  bind  ourselves  to  abide  by 
their  decision,  whatever  it  may  be,  subject  to 
appeal  to  the  Exchange  as  hereinafter  pro- 
vided, to  the  end  that  harmony  and  goodfel- 
lowship  may  continually  prevail. 

•Now  Article  V  of  By-laws,  adopted  Feb.  21.  1906. 


■:  C      { 


I  <  '  < 


AGREEMENT 


When  a  member  calls  the  attention  of  an- 
other member  to  an  error  under  the  rules  in  a 
policy  issued  by  such  other  member,  the  mem- 
ber at  fault  shall  correct  or  cancel  such  policy 
within  ten  days,  and  failure  to  either  correct  or 
cancel  the  policy  within  the  time  specified  will 
be  regarded  as  a  wilful  violation  of  the  rules  of 
the  Exchange.  Circ.  102,  A.   C.  12-21-99. 


f 


Composition  of 
Membership 


Section  3. 

This  Exchange  shall  be  composed  of  officers! 
of  local  companies  and  managers  and  agents! 
of  out-of-town   companies   having  jurisdiction! 
over   the   Metropolitan   District,  and  in   fixingi 
the   number   of  Agencies   and   Branch    Offices] 
each  local  company,  each  manager,  and  each  I 
Metropolitan   agent   shall  be  placed  upon  thej 
same  footing.     While  the  membership  and  ob- 
ligation are  personal,  the  signature  of  an  officer 
of  each  out-of-town  company  to  the  Agreement 
shall  be  required. 

The  privilege  of  membership  to  any  person 
who  is  at  the  same  time  an  officer  or  employee 
of,  or  shares  an  office  accommodation  with,  a 
Company  not  a  member  of  the  Exchange,  is 
against  the  spirit  and  letter  of  the  Agreement, 
and  such  person  or  the  Company  he  represents 
is  ineligible  to  membership.  Circ.  301-12-11-01. 


Officers    Elected 
Annually 


Nominating  Com- 
mittee to  be 
appointed 


Section  4. 

(a)  Its  officers  shall  consist  of  a  President, 
a  Vice  President,  and  a  Secretary,  who  shall 
also  act  as  Treasurer.  Such  officers  shall  be 
elected  by  ballot,  annually,  by  a  plurality  vote 
of  all  the  members  present  and  voting.  The 
Treasurer  shall  furnish  a  bond  for  the  faithful 
performance  of  duty,  and  the  Exchange  shall 
fix  the  place  of  deposit  for  funds.  The  officers 
of  the  Exchange  shall  be  ex  officio  members 
of  all  Standing  Committees.  A  person  who 
is  not  a  member  of  the  Exchange  may  be 
elected  Secretary  and  Treasurer,  in  which  case 
he  shall  not  be  an  ex  officio  member  of  any 
committee. 

(b)  It  shall  be  the  duty  of  the  President 
at  least  two  weeks  previous  to  the  annual 
meeting  to  appoint  a  Nominating  Committee 
consisting  of  seven  members,  three  members 
representing  Local  Companies,  two  represent- 
ing Agency  Companies,  and  two  representing 


AGREEMENT 


Foreign  Companies,  who  shall  nominate  a 
ticket  for  the  ensuing  year,  and  such  nomina- 
tions shall  be  published  to  members  at  least 
one  week  previous  to  the  annual  meeting. 


Manager  and 
Employees 


Section  5. 

The  Exchange  shall  elect  a  Manager  and 
such  assistants  and  pay  them  such  salaries  as 
the  Executive  Committee  shall  recommend 
and  the  Exchange  approve  by  a  ninety  per 
cent  vote  of  the  members  present  and  voting 
at  a  meeting  regularly  called. 


Meetings 


Order  of 

Business 


Fine  for 
Failure 
to  Attend 
Meetings 


Section  6. 

(a)  Meetings  of  the  Exchange  shall  be  held 
at  such  times  as  the  Executive  Committee 
shall  direct  or  may  be  called  by  the  President 
at  the  written  request  of  any  five  members. 
Regular  (Meetings  shall  be  held  on  the  Second 
Wednesday  of  each  month;  the  meeting  in 
March  shall  be  considered  the  Annual  Meet- 
ing. 

(b)  At  all  regular  meetings  the  order  of 
business  shall  be  as  follows:  1.  Calling  the 
roll.  2.  Reading  the  minutes.  3.  Reports  of 
standing  committees  in  following  order:  Ar- 
bitration, Brokerage,  Executive,  Rate.  4.  Re- 
ports of  special  committees.  5.  Unfinished 
business.     6.  New  business. 

(c)  Any  member  failing  to  attend  any  regu- 
larly called  meeting,  either  personally  or  by 
qualified  representative,  shall  pay  into  the 
treasury  of  the  Exchange  for  each  such  meet- 
ing at  which  such  member  is  not  represented 
the  sum  of  One  Dollar,  which  shall  be  applied 
toward  defraying  the  expenses  of  the  Ex- 
change. In  the  case  of  a  member  not  having 
an  office  or  representative  in  New  York,  no 
fines  shall  be  imposed  for  non-attendance  at 
meetings. 

Where  a  member  is  represented  by  an  agent 
who  is  also  a  member,  the  Company  Member 
shall  notify  the  Manager  in  writing  as  to 
whether  the  Company  itself  or  its  agent  shall 
answer  to  the  roll  call,  be  subject  to  fine  for 
absence,  and  exercise  the  privilege  of  voting. 
The  vote  of  the  member  so  indicated  shall  be 
binding  upon  the  Company  represented  for 
the  whole  of  the  territory  covered  by  the  Ex- 
change. 12-11-01. 


AGREEMENT 


8 


Section  7. 

One-third  of  the  members  of  the  Exchange 
shall  constitute  a  quorum  for  the  transaction 
of  business. 


Quorum 


Assessment  for 
Expenses 


Section  8. 

Each  member  shall  be  required,  at  such 
times  as  the  Executive  Committee  may  fix 
upon,  to  file  with  the  Treasurer  a  sworn  state- 
ment of  the  gross  premiums  written  in  the 
territory  of  this  Exchange  by  each  Company, 
separately,  represented  by  such  member  for 
the  time  specified  by  the  Executive  Commit- 
tee, and  the  Executive  Committee  shall  then 
recommend  to  the  Exchange  the  percentage 
assessment  on  such  gross  premiums  required 
for  the  maintenance  of  the  Exchange;  and 
upon  the  adoption  of  such  assessment  resolu- 
tion by  a  ninety  per  cent  vote  of  the  mem- 
bers present  and  voting  at  a  meeting  regu- 
larly called,  the  same  shall  be  binding  on  all 
members,  who  shall  forthwith  remit  to  the 
Treasurer  the  amount  due  from  each  member 
or  company. 


Executive 
Committee   and 
Committee   on 
Rates 
Composed  of 

Shall  be  changed 
Bi-Monthly 


Chairman 


Brokerage 
Committee 
Composed  of 


Section  9. 

(a)  There  shall  be  an  Executive  Committee 
and  a  Committee  on  Rates,  which  Committees 
shall  consist  of  seven  each.  Such  Commit- 
tees shall  be  uniformly  composed  of  three 
members  representing  Local  Companies,  two 
representing  Agency  Companies  and  two  rep- 
resenting Foreign  Companies.  The  Commit- 
tees shall  change  bi-monthly,  by  the  retire- 
ment each  two  months  of  one  member,  whose 
place  shall  be  filled  by  the  member  next  in 
order  on  an  alphabetical  list  of  membership. 
The  retiring  member  each  two  months  shall 
be  the  one  who  has  served  longest  on  the 
Committee,  and  his  successor  shall  be  chosen 
from  the  class  of  companies.  Local,  Agency 
or  Foreign,  to  which  the  retiring  member  be- 
longs. The  Chairman  of  the  Committee  shall 
be  the  member  who  has  served  longest  upon 
it.  The  concurrence  of  four  members  of  a 
Committee  shall  be  necessary  to  a  finding  in 
any  matter  coming  before  them. 

(b)  There  shall  be  a  Brokerage  Committee, 
consisting  of  seven  members,  composed  uni- 
formly of  three  representing  Local  Companies, 


i 


I 


AGREEMENT 


Terms  of  Office 


Chairman 

To  Certify 
Applicants  upon 
Information 
Obtained 

Shall  secure 
Information 


Broker  to  Sign 
an  Agreement 


Clerks   or 
Employees 
of  Assured 
not  Eligible 


Pledge    required 


Certificates  to 
be   Revoked 


Right  of  Appeal 


two  representing  Foreign  Companies  and  two 
representing  Agency  Companies,  and  the  mem- 
bership of  the  Committee  shall  change  bi- 
monthly by  the  retirement  each  two  months 
of  one  member,  whose  place  shall  be  filled 
by  the  member  next  in  order  on  an  alpha- 
betical list  of  membership.  The  retiring  mem- 
ber each  two  months  shall  be  the  one  who 
has  served  longest  on  the  Committee,  and  his 
successor  shall  be  chosen  from  the  class  of 
companies.  Local,  Agency  or  Foreign,  to 
which  the  retiring  member  belongs.  The 
Chairman  shall  be  the  member  who  has  been 
longest  on  the  Committee.  It  shall  be  the 
duty  of  such  Committee  to  issue  a  Broker's 
Certificate  to  an  applicant  duly  qualified  to 
receive  such  Certificate,  ai^d  no  brokerage 
shall  be  paid  to  any  person  not  so  certified? 
The  Brokerage  Committee  shall  secure  infor- 
mation in  regard  to  applicants  from  all  avail- 
able sources  and  shall  be  authorized  to  re- 
ceive complaints  against  holders  of  Certifi- 
cates or  applicants  from  any  party  presenting 
such  complaints.  They  shall  before  issuing  a  \ 
Broker's  Certificate  receive  from  the  Broker 
a  signed  agreement  to  abide  by  the  rules 
herein  provided.  The  concurrence  of  five 
members  of  the  Committee  shall  be  necessary 
for  a  decision  revoking  any  Broker's  Certifi- 
cate, and  the  concurrence  of  four  members 
shall  be  necessary  to  a  finding  in  all  other 
matters  coming  before  them. 

(c)  No  Certificate  shall  be  issued  to  any 
clerk  or  employee  of  the  assured  (other  than 
a  Certified  Broker),  nor  shall  any  person  be 
certified  as  a  Broker  who  handles  insurance 
for  only  one  person  or  firm  or  individual  mem- 
bers of  such  firm.  Certified  Brokers  shall 
pledge  themselves  to  receive  no  higher  rate 
of  brokerage  from  companies  or  agents  not 
members  of  the  Exchange  than  the  rate  per- 
mitted by  the  rules  of  this  Exchange. 

(d)  The  Brokerage  Committee  shall  revoke  \ 
the   Certificate   of  any  Broker  who  is  proved    / 
to  have  violated  his  Pledge  or  Agreement  to  / 
this  Exchange,  after  giving  him  an  opportunityj 
to  be  heard  in  his  defense.    Such  Broker  shall 
have  the  right  of  appeal  to  the  Arbitration  or 
Grievance  Committee,  whose  decision  shall  be 
final,  such  appeal  to  be  made  within  ten  days 
from  the  date  of  mailing  a  registered  letter  to 
the  Broker  giving  notice  of  the  action  of  the 
Brokerage  Committee  in  revoking  the  Certifi- 


AGREEMENT 


10 


Failure  to  Renew 
Certificate    in 
Season 


Notice  to  all  of 
Changes  in 
Committees 


cate.  Any  Broker  whose  Certificate  has  been 
so  revoked  shall  not  be  eligible  to  receive  a 
new  Certificate  except  on  the  recommendation 
of  the  Brokerage  Committee  and  a  vote  of 
ninety  per  cent  of  the  members  of  the  Ex- 
change present  and  voting  at  a  meeting  regu- 
larly called. 

When  a  Broker  fails  to  renew  his  Certificate 
in  season,  thereby  causing  his  name  to  be  with- 
drawn from  the  list,  and  subsequently  within 
six  months  asks  for  a  renewal,  such  renewal 
shall  not  be  granted  unless,  in  addition  to  the 
regular  charge  for  a  Certificate,  the  sum  of 
$3.00  is  paid  to  cover  cost  of  withdrawing  and 
re-instating  such  Broker's  name. 

Circ.   355-4-9-02. 

(e)  At  the  time  of  creating  any  committee 
or  filling  any  vacancy,  the  names  of  the  com- 
mitteemen shall  at  once  be  communicated  to 
all  the  members. 


Arbitration  or 
Grievance 
Committee 
Composed   of 


Terms  of  Office 

Alphabetical 
Retirement 


Chairman 


An  Accused 
Member  of 
Committee 
shall   not 
Serve 


Section  10. 

(a)  There  shall  be  an  Arbitration  or  Griev- 
ance Committee,  consisting  of  seven  members, 
which  shall  be  uniformly  composed  of  three 
members  representing  Local  Companies,  two 
representing  Agency  Companies  and  two  rep- 
resenting Foreign  Companies,  and  the  mem- 
bership of  the  Committee  shall  change  bi- 
monthly by  the  retirement  each  two  months 
of  one  member,  whose  place  shall  be  filled  by 
the  member  next  in  order  on  an  alphabetical 
list  of  membership.  The  retiring  member  each 
two  months  shall  be  the  one  who  has  served 
the  longest  on  the  Committee,  and  his  suc- 
cessor shall  be  chosen  from  the  class  of  com- 
panies. Local,  Agency  or  Foreign,  to  which 
the  retiring  member  belongs.  The  Chairman 
shall  be  the  member  who  has  been  longest  on 
the  Committee.  The  concurrence  of  five  mem- 
bers of  the  Committee  shall  be  necessary  for 
a  decision  affecting  or  interpreting  the  Agree- 
ment or  any  rule  adopted  by  the  Exchange, 
and  the  concurrence  of  four  members  shall  be 
necessary  to  a  finding  in  all  other  matters 
coming  before  them. 

(b)  In  case  of  a  charge  being  brought 
against  any  member  or  employee  of  any  mem- 
ber, if  the  accused  member  or  accuser  shall 
happen  at  the  time  of  such  charge  to  be  a 
member  of  the  Committee,  such  accused  mem- 


AGREEMENT 


11 


Certificate  to  be 
Mailed  each 
Director  of  a 
Local  Company 
in  Violation 


ber  or  accuser  shall  not  serve  on  the  Com- 
mittee while  his  own  case  is  being  adjudicated, 
but  if  the  accused  member  shall  be  found 
guilty  of  a  wilful  violation  of  any  rule  or 
rate  he  shall  retire  from  the  Committee  until 
he  has  been  again  elected  to   serve  thereon. 

(c)  If  any  local  company,  member  of  the 
Exchange,  shall  be  charged  with  a  wilful  vio- 
lation of  any  rule  or  rate,  and  after  investiga- 
tion such  charges  shall  be  sustained  by  a  vote 
of  not  less  than  five  of  the  seven  members 
of  the  Arbitration  or  Grievance  Committee 
and  confirmed  by  a  ninety  per  cent  vote  of 
those  present  and  voting  at  any  meeting  of 
the  Exchange  regularly  called,  a  certificate 
setting  forth  such  finding  shall  be  forthwith 
mailed  to  each  Director  of  such  company. 

(d)  If  any  agent  or  manager  of  a  company 
having  its  home  office  outside  of  the  City  of 
New  York  shall  be  charged  with  a  wilful  vio- 
lation of  any  rule  or  rate,  and  after  investi- 
gation such  charge  shall  be  sustained  by  a 
vote  of  not  less  than  five  of  the  seven  mem- 
bers of  the  Arbitration  or  Grievance  Com- 
mittee and  confirmed  by  a  ninety  per  cent 
vote  of  those  present  and  voting  at  any  meet- 
ing of  the  Exchange  regularly  called,  a  cer- 
tificate setting  forth  such  findings  shall  be 
forthwith  mailed  to  the  President  or  the  Gen- 
eral Manager  of  the  Company  at  its  home 
office. 


Certificate  to  be 
Mailed  to  Presi- 
dent or  General 
Manager  of  an 
Outside 
Company  in 
Violation 


1 


Power  to  Exam- 
ine Books  and 
under  Oath 


Shcdl  employ 
Accountant  or 
Auditor 


Refusal  to  reply 
an  Admission 
of  Truth 


Section  ii. 

(a)  The  Arbitration  or  Grievance  Commit- 
tee shall  have  power  to  examine  the  books  of 
any  office,  Agency  or  Branch  Office,  and  also 
to  examine  under  oath  any  person  or  persons 
connected  with  such  office.  Agency  or  Branch 
Office;  such  power  to  be  exercised  upon  a 
majority  vote  of  the  Committee  after  a  com- 
plaint made,  or  upon  the  Committee's  own 
initiative  if  so  voted  unanimously  by  its  mem- 
bers. The  Committee  shall,  when  necessary 
or  desirable,  employ  a  professional  accountant 
or  auditor,  who  shall  have  power  to  examine 
the  books  of  any  office,  Agency  or  Branch 
Office  alleged  to  have  deviated,  when  directed 
so  to  do  by  the  Committee.  The  refusal  of 
any  member  to  testify  to  any  question  per- 
tinent to  the  complaint,  or  his  refusal  to  sub- 
mit to  the  examination  ordered  by  the  Arbi- 
tration   or    Grievance     Committee,    shall    be 


(■■ 


AGREEMENT 


12 


Fines 


/ 


No  Brokerage  or 
Commission    to 
be  Allowed 
under    Certain 
Conditions 


) 


deemed    an    admission    of    the    truth    of    the 
charge  under  investigation. 

(b)  The  Arbitration  or  Grievance  Commit- 
tee may  impose  penalty  or  fines  not  exceeding 
$100  for  any  one  violation  of  rule  or  rate,  and 
(or)  require  that  the  member  found  in  viola- 
tion shall  cancel  his  policy  or  policies,  and 
(or)  that  the  member  shall  remain  off  the 
risk  for  the  term  of  one  year  thereafter,  in 
which  case  the  member  shall  not  be  per- 
mitted to  participate  in  the  risk  for  such 
period  either  directly  or  by  way  of  reinsur- 1 
ance.  ' 

Any  ruling  or  request  put  out  by  the  Man- 
ager's office  calling  for  the  correction  or  can- 
cellation of  policies  must  be  complied  with,  or 
an  appeal  entered  therefrom,  within  fifteen 
days,  and  advice  shall  be  given  within  that  time 
to  the  Manager  of  the  course  intended  to  be 
pursued;  and  for  each  and  every  day  of  delay 
after  fifteen  days  from  the  issuance  of  such 
ruling  or  request,  a  fine  of  $i.oo  will  be  im- 
posed. Circ.  325,  A.  C.  2-10-02. 

In  matter  of  fine  for  violations  members  are 
liable  upon  the  basis  of  the  insurance  written 
by  them,  and  may  not  reduce  the  same  by  tak- 
ing credit  for  reinsurance.  The  member  who 
accepts  the  business  is  responsible  for  its 
being  in  accordance  with  rules  and  rates  and 
for  any  penalties  that  may  result  from  viola- 
tions. Circ.  673,  A.  C.  10-24-04. 

The  responsibility  for  obtaining  correct  rate 
for  a  minimum  rated  risk  rests  with  the  mem- 
ber accepting  same;  and  the  attachment  of 
certain  warranties  to  a  policy,  or  the  showing 
made  by  the  map,  do  not  relieve  members 
from  the  penalties  of  violation  in  case  such 
a  risk  is  subsequently  shown  to  be  written 
at  a  rate  lower  than  that  required  by  the 
rules.  Circ.  632,  A.  C.  6-1-04. 

When  the  Arbitration  or  Grievance  Commit- 
tee has  ordered  a  policy  or  policies  to  be  can- 
celled in  consequence  of  having  adjudged  a 
member  of  the  Exchange,  or  an  Agent  who  is 
not  a  member  but  holds  a  Broker's  Certificate, 
guilty  of  an  infraction  of  the  rules  of  the  Ex- 
change, then  such  member  or  Agent  shall  not  V 
be  allowed  to  receive  any  commission  or  1 
brokerage  for  the  placing  of  such  risk  during 
the  term  for  which  the  i^jember  is  himself  / 
ordered  to  keep  off  of  such  risk,  and  in  addi-  / 
tion,  if  the  gravity  of  the  offense  warrant  it,  / 
the  facts  connected  with  the  case  shall  be  at/ 


AGREEMENT 


13 


Appeals 


once  communicated  to  the  Brokerage  Com- 
mittee, that  they  may  revoke  the  right  of  such 
member  or  Agent  to  receive  any  commission 
or  brokerage  on  any  business  for  such  time 
as  they  may  deem  fit.  Circ.  304-12-11-01. 

When  in  consequence  of  deviation  or  viola-  t 
tion  any  member  has  been  directed  by  the 
Arbitration  Committee  to  cancel  a  policy  and 
.remain  off  the  risk  for  one  year,  such  risk  may 
not  be  re-written  by  such  member  in  any  com- 
pany represented  in  the  office  of  such  mem-, 
ber.  Circ.  885,  A.  C.  3-18-07. 

When  in  consequence  of  deviation  or  viola- 
tion any  Member  has  been  directed  by  the 
Arbitration  Committee  or  by  the  Exchange 
to  cancel  a  policy  written  through  a  Branch 
Manager  or  Agency  representing  such  Mem- 
ber and  to  remain  off  the  risk  for  one  year, 
the  risk  in  question  shall  not  be  written  by 
or  through  any  other  Member  represented  by 
such  Branch  Manager  or  Agent  during  the 
stated  term  of  one  year.  Circ.  455,  A.  C.  1-21-03. 

(c)  Appeal  from  the  decision  of  the  Com- 
mittee may  be  made  at  any  meeting  regularly 
called,  notice  of  such  appeal  having  been  pre- 
viously given  to  each  member  of  the  Ex- 
change, and  the  finding  shall  be  confirmed 
unless  a  majority  of  those  present  shall  vote 
otherwise. 

(d)  In  case  any  member  shall  report  the 
dereliction  of  any  other  member  coming  to 
his  knowledge,  it  shall  be  optional  with  him 
to  make  a  charge  in  writing,  over  his  own 
signature,  to  the  Arbitration  or  Grievance 
Committee;  or  he  may,  in  preferring  charges, 
first  submit  the  actual  or  supposed  facts  to 
two  or  more  members,  who  shall,  if  they  are 
thought  by  them  to  be  sufficiently  reasonable 
and  clearly  warranted,  unite  with  him  in  mak- 
ing the  charges,  which  must  be  in  writing; 
the  members  so  uniting  in  the  charges  may 
report  to  any  one  member  of  the  Grievance 
Committee,  who  shall  not  in  any  way,  directly 
or  indirectly,  indicate  the  names  or  identity 
of  such  members.  Said  Grievance  Committee 
shall  thereupon  investigate  the  charges. 

The  Arbitration  or  Grievance  Committee  are    n 
empowered,  in  cases  where  in  their  discretion  // 
it  is  necessary  to  obtain  such  evidence  from  // 
the  assured  as  will  secure  the  conviction  of  a  11 
memjDer  or  broker  violating  the  rules  or  rates  II 
of  the  Exchange,  to  authorize  the  substitution! 
of  the  policy  of  any  other  member  for  that  of/ 


Charges  against  a 
Fellow  Member 


How  made 


Source  not  to  be 
Indicated 


May  authorize 
Substitution  of 
Policies 


% 


AGREEMENT 


14 


Area  of  Operation 


Territory 
Excluded 


Outside  Agents 
may  not  write 
in  Exchange 
Territory 


Rates 


Unrated  Risks 

Short  Term  Risks 

Annual  Risks 
Term  Risks 


the  company  under  which  a  deviation  has  been  // 
made  on  the  same  or  better  terms,  provided  i 
there  shall  be  produced  and  delivered  to  said  / 
Committee  the  proof  satisfactory  to  them  of/ 
such  violation  of  the  rules  or  rates.  [ 


Circ.  50-6-29-99. 


Section  12. 


The  rules  and  rates  of  this  Exchange  shall 
apply  on  all  risks  located  in  the  Borough  of 
Manhattan  and  in  the  Borough  of  the  Bronx, 
west  of  the  Bronx  River,  and  in  the  Borough 
of  Brooklyn,  and  in  Long  Island  City,  and  on 
the  American  Dock  stores  and  piers  in  the 
Borough  of  Richmond,  all  in  the  City  of  New 
York;  and  the  said  rules  shall  apply  on  all 
risks  located  in  Hudson  County,  New  Jersey, 
east  of  the  Hackensack  River.  The  Boroughs 
of  Queens,  and  Bronx,  and  Richmond,  outside 
the  territory  above  named,  being  now  in  the 
territory  of  the  Suburban  Association,  are  ex- 
cluded until  such  time  as  this  Exchange  by  a 
ninety  per  cent  vote  of  those  present  and 
voting  at  a  meeting  regularly  called  shall 
decide  otherwise. 

The  writing  of  a  policy  on  any  risk  located 
within  the  territory  under  the  jurisdiction  of 
this  Exchange  by  any  Agent  outside  of  said 
territory  is  prohibited,  and  the  member  em- 
ploying such  Agent  will  be  held  responsible 
for  any  violation.         Circ.  156,  A.  C.  8-1-00. 

/ 

Section  13. 

(a)  At  the  first  meeting  of  the  Exchange, 
rates  shall  be  adopted  to  apply  on  all  risks  in 
the  territory  specified;  and  such  rates,  and 
the  commission  rules  as  provided  in  the  Agree- 
ment, shall  apply  immediately. 

(b)  No  unrated  risk  shall  be  written  except 
subject  to  a  rate  to  be  made  by  the  Exchange; 
and  such  rate  shall  apply  from  the  assumption 
of  the  insurance. 

(c)  Rated  risks,  when  taken  for  periods  of 
less  than  a  year,  shall  be  taken  only  at  the 
rates  named  in  Short  Rate  Tables  of  this 
Exchange. 

(d)  No  policy  shall  be  written  for  more  than 
one  year  on  stocks  of  merchandise,  or  upon 
machinery,  stock,  or  supplies  in  manufactur- 
ing risks  except  at  full  pro  rata  rates.  No 
policy  shall  be  written  upon  other  property  for 


t 


AGREEMiENT 


15 


Must  be  Rated 


Ratings  to  be 
recommended 
and  changes 
thereof 


Adjusted  upon  a 
Discriminating 
Basis 


Rate  Cabinets  are 
Property  of 
Exchange 


more  than  one  year,  except  with  the  addition 
of  three-fourths  of  the  annual  premium  for 
each  year  after  the  first.  For  fractional  parts 
of  a  year  in  excess  of  one  year  a  pro  rata  of 
such  three-fourths  annual  rate  shall  be  added. 
No  policy  shall  be  written  for  a  longer  term 
than  one  year,  until  the  risk  has  been  rated. 

(e)  The  Committee  on  Rates  shall  recom-  \ 
mend  ratings  to  the  Exchange,  when,  if  the 
same  are  adopted  by  a  vote  of  ninety  per  cent 
of  the  members  present  and  voting  at  a  meet- 
ing regularly  called,  they  shall  become  opera- 
tive; and  to  change  a  rate  once  established,  a 
vote  of  ninety  per  cent  of  the  members  present 
and  voting  at  a  meeting  regularly  called  shall  j 
be  required. 

(f)  Rates  of  premium  shall  be  adjusted 
upon  a  discriminating  basis  which  recognizes 
merits  and  faults  of  construction,  fire  extin- 
guishing appliances  and  percentage  of  insur- 
ance to  value. 

Rate  cabinets  and  cards  are  the  property  of 
this  Exchange,  being  loaned  to  members  only 
for  their  information  while  members,  and  such 
cabinets  and  cards  must  be  surrendered  to  the 
Exchange  in  case  a  member  retires  from  busi- 
ness or  withdraws  from  the  Exchange. 

Circ.   355-4-9-02. 


a 


^ 


Forms  for 
Policies  and 
Binder 


Section  14. 

The  Exchange  shall  as  rapidly  as  possible 
prepare  proper  forms  for  policies,  the  use  of 
which  shall  be  obligatory.  A  form  of  binder 
with  a  fifteen  day  limit  clause  shall  also  be 
prepared  and  its  use  required. 

A  Binder  Form  may  cover  but  one  term  of 
insurance  and  such  term  may  run  from  one 
date  only;  and  it  is  a  violation  to  enter  a  second 
date  intended  to  take  effect  at  the  expiration 
of  fifteen  (15)  days  from  the  first  or  original 
date,  or  to  subsequently  grant  an  extension  by 
entry  on  the  original  binder. 

Circ.  708,  A.  C.  3-8-05. 

The  Exchange  Form  of  Binder  is  not  re- 
quired to  be  used  between  Companies  when 
reinsuring  risks  one  with  another. 

Circ.   412-10-9-02. 

The  name  and  business  address  of  a  broker 
may  be  printed  upon  Exchange  watermarked 
Binders  after  same  have  been  purchased. 

10-8-02. 


% 


AGREEMENT 


16 


/ 


Cancellations 
and  Rebates 


7 


Section  15. 

No  policy,  renewal  or  certificate  of  insur- 
ance shall  be  cancelled,  pro  rata,  at  request  of 
the  assured,  except  in  cases  where  the  insur- 
ance is  immediately  re-written,  or  placed  with 
the  same  company  or  member,  the  re-written 
policy  covering  in  the  same  location.     In  case  ^ 

of  reduction  of  rate  without  change  of  hazard,      \    C  4 
no  policy  shall  be  cancelled  pro  rata  and  re-    ^*  ^ 
written  at  the  lower  rate,  and  no  rebate  shall 
be  made  on  such  policy. 

A    clause    reading    "It    is    understood    and    / 
agreed  that  in  event  of  reduction  of  the  tariff    [ 
rate  during  the  term  of  this  policy,  return  pre- 
mium will  be  rendered  accordingly,  pro  rata," 
or  any  clause  involving  an  agreement  to  the 
same  effect,  is  a  violation.  Circ.  193,  M.  12-17-00. 

A  policy  written  to  cover  in  a  warehouse, 
whether  private  or  public,  may  not  be  can- 
celled pro  rata  at  request  of  the  assured  and 
re-written  at  short  rates  on  the  same  mer- 
chandise but  under  a  different  name. 

Circ.  289,  R.  C.  11-6-01. 

A  policy  cancelled  and  immediately  re-writ- 
ten by  the  same  company  to  cover  on  the 
same  property  in  the  same  location  but  for  a 
different  assured  may  be  cancelled  pro  rata, 
provided  that  such  policy  does  not  cover  in  a 
private  or  public  storage  warehouse. 

Circ.  316,  A.  C.  1-17-02. 


/ 


Transfers 


Section  16. 

(a)  No  policy  or  Certificate  of  insurance 
covering  in  any  elevator  or  storage  warehouse, 
private  or  public,  shall  be  transferred  to  any 
other  elevator  or  storage  warehouse;  provided, 
however,  that  where  any  listed  storage  store 
shall  be  torn  down  or  changed  to  another  occu- 
pancy by  the  owner  thereof,  the  Arbitration 
or  Grievance  Committee  shall,  after  considera- 
tion of  the  facts  of  the  case,  have  power  to 
promulgate,  for  the  benefit  of  all  members, 
permission  to  transfer  insurance  on  merchan- 
dise belonging  to  other  persons  than  the  ware- 
house owner  or  lessee  in  such  listed  storage 
store  to  any  other  listed  storage  store. 

The  Arbitration  Committee  will  not  con- 
sider an  application  for  permission  to  transfer 
insurance  from  a  listed  storage  store  unless 
such  application  is  accompanied  by  an  affidavit 


AGREEMENT 


17 


Transfers 
(concluded) 


Assignments 


from  the  storekeeper  setting  forth  the  facts 
as  to  change  of  occupancy  or  demolition  of 
such  listed  storage  store,  and  also  stating  the 
time  within  which  all  goods  will  be  removed 
and  the  use  of  the  premises  for  their  present 
purposes  be  discontinued.  Circ.  225,  A.  C.  4-27-01. 

When  permission  is  granted  to  transfer  pol- 
icies from  a  listed  storage  store  to  other  listed 
storage  stores,  as  per  Section  i6  (a)  of  Agree- 
ment, as  amended  April  loth,  igoi,  such  trans- 
fers shall  be  made  within  thirty  days  from  the 
date  of  promulgation  of  such  permission,  and 
after  the  lapse  of  that  period  the  permission 
shall  be  void.  Circ.  481,  A.  C.  3-16-03. 

The  provisions  of  Section  i6  of  Agreement 
do  not  apply  to  the  transfer  of  Personal 
Household  Furniture  from  a  storage  ware- 
house to  a  dwelling.        Circ.  140,  A.  C.  6-1-00. 

A  policy  covering  Household  Furniture  may 
be  transferred  to  cover  in  a  storage  warehouse 
at  the  pro  rata  charge  of  the  difference  in  rate 
for  the  time  that  the  policy  covers  in  the 
warehouse.  Circ.  356,  A.  C.  4-15-02. 

(b)  No  policy  or  certificate  of  insurance  cov- 
ering in  any  elevator  or  storage  warehouse, 
private  or  public,  shall  be  assigned,  except  to 
cover  the  merchandise  described  in  the  policy 
and  in  the  same  location. 


Brokerage 


Section  17. 

(a)  No  brokerage  or  commission  shall  be 
paid  or  allowed  on  policies  of  insurance  or  re- 
insurance in  excess  of  five  per  cent  upon  risks 
located  in  the  Borough  of  Manhattan  between 
Chambers  and  New  Chambers  Streets  (in- 
cluding both  sides  of  the  streets)  on  the  south 
and  14th  Street  (including  both  sides  of  the 
street)  on  the  north,  except  on  risks  of  a  class 
permissible  to  be  written  at  Branch  Offices, 
upon  which,  within  the  district  named,  the  rate 
of  brokerage  or  commission  shall  be  twenty 
per  cent;  nor  shall  any  brokerage  or  commis- 
sion be  paid  or  allowed  on  policies  of  insur- 
ance or  reinsurance  upon  risks  located  in  the 
remainder  of  the  territory  of  this  Exchange  in 
excess  of  ten  per  cent,  except  on  such  risks 
as  are  permitted  by  Section  18  to  be  written 
at  Branch  Offices,  on  which  a  brokerage  or 
commission  not  exceeding  20  per  cent  may  be 
paid;  provided,  however,  that  any  of  the  above 
named  brokerages  or  commissions  may  be  in- 
creased five  per  cent  if  the  party  receiving  the 


AGREEMENT 


18 


Brokerage 
(concluded) 


Broker's  business 
not  to  be 
purchased 

Exchange 
Business 


No  Brokerage 
to  Clerk  of 
Assured 


Rebates  not 
allowed 


Broker's  Certificate  shall  agree  that  he  will  give 
the  preference  in  placing  his  business  to  mem- 
bers of  this  Exchange,  and  that  he  will  not 
place  any  risks  with  those  not  members,  un- 
less sufficient  insurance  cannot  be  obtained 
from  members. 

The  vote  of  the  Exchange  of  May  4,  1906, 
naming  a  "Congested  District,"  contemplated 
a  southern  boundary  for  such  district  running 
from  river  to  river;  and  such  boundary  is  ac- 
cordingly held  to  include  both  sides  of  James 
Slip  along  with  both  sides  of  New  Chambers 
Street  and  Chambers  Street. 

Circ.  883,  A.  C  3-11-07. 

Commissions  on  risks  rated  under  Restricted 
Sprinkler  Schedule  are  limited  to  five  (5)  per 
cent.  Circ.  743,  6-23-05. 

Ruled  as  to  above  Section  that  the  words 
"such  risks  as  are  permitted  by  Section  18  to 
be  written  at  Branch  Offices"  include  all 
churches  and  schoolhouses  and  their  contents, 
dwellings  and  their  contents,  private  stables 
and  their  contents,  and  buildings  occupied  on 
grade  floor  as  stores  and  above  the  grade  floor 
exclusively  as  dwellings  and  so  warranted  in 
the  policies  and  their  contents,  located  within 
the  territory  covered  by  the  Exchange. 

Circ.  22,  A.  C.  4-28-99. 

Branch  Office  commission  must  not  be  paid 
or  allowed  on  a  specifically  rated  store  and 
dwelling  risk,  unless  the  rate  card  applying  to 
such  risk  contains  the  notation  "Branch  Office 
risk."  Circ.  947,  M.  1-27-08. 

(b)  No  member  shall  purchase  the  business 
of  any  broker  on  other  terms  than  the  rate  of 
brokerage  or  commission  fixed  by  the  Ex- 
change. 

(c)  Members  of  the  Exchange  shall  be  al- 
lowed to  receive  the  regular  brokerage  or 
commission,  as  provided  in  paragraph  (a)  of 
this   section,   on   Exchange  business. 

(d)  No  brokerage  shall  be  paid  to  any  clerk 
of  the  assured,  nor  to  any  employee  (other 
than  a  Certified  Broker),  nor  shall  any  person 
be  certified  as  a  Broker  who  handles  insurance 
for  only  one  person  or  firm,  or  individual 
members  of  such  firm. 

(e)  No  rebate  shall  be  allowed  either  by 
members  of  the  Exchange,  or  by  Brokers, 
directly  or  indirectly;  nor  shall  brokerage  or 
commission  be  paid  to,  or  divided  with,  any 
uncertified  broker  or  other  person. 


V 


AGREEMENT 


19 


Rules  apply  to 
all  risks 


The  allowance  by  a  member  of  commission 
or  brokerage  to  any  clerk  or  employee  of  such 
member  who  does  not  hold  a  Broker's  Certifi- 
cate will  be  regarded  as  a  violation  of  this 
paragraph.  Circ.  170,  A.  C.  10-12-00.    ' 

(f)  The  rules  of  this  Exchange,  as  to  broker- 
age and  commission,  apply  to  all  risks  where- 
soever located,  whether  afloat  or  ashore,  and 
whether  rated  or  not  rated,  when  written  in 
the  territory  covered  by  this  Exchange. 

The  Broker's  Pledge,  wherein  it  is  promised 
and  agreed  that  no  commission  or  brokerage 
will  be  paid  to  or  divided  with  any  persons  not 
holding  a  Broker's  Certificate,  does  not  apply 
to  any  insurance  on  risks  located  outside  of  the 
jurisdiction  of  this  Exchange,  provided  the  re- 
strictions named  in  Section  21  of  the  Agree- 
ment are  observed.      Circ.  465,  A.  C.  2-16-03. 


Agency 


Branch  Offices 


No  Agencies  in 
Manhattan    and 
the  Bronx 


Section  18. 

(a)  Where  the  word  "Agency"  is  used,  it  is 
understood  to  be  equal  to  a  Head  Office  in 
rank  in  the  Exchange,  although  not  entitled  to 
membership;  for  instance,  the  Agents  in 
Brooklyn,  Jersey  City,  Hoboken,  Long  Island 
City,  etc.  Where  the  words  "Branch  Office" 
are  used,  they  shall  be  understood  as  referring 
to  a  sub-office,  restricted  as  below,  and  not  en- 
titled to  independent  control.  All  such  Offices 
shall  report  to  Plead  Offices  in  New  York  or 
Brooklyn  respectively,  and  are  confined  to  the 
Boroughs  of  Manhattan  and  the  Bronx,  and 
the  Borough  of  Brooklyn.  v 

An  Agent  representing  Exchange  companies  V 
may  not  act  as  Agent  for  non- Exchange  com-  \ 
panics  or  for  any  outside  organization  trans-  1 
acting  a  fire  insurance  business.  j 

Circ.  346,   A.   C.   3-19-02.     "^ 

The  issuing  of  agents*  appointments  or  com- 
missions to  parties  who  are  to  exercise  no  priv- 
ileges as  such,  but  are  expected  to  act  only  as 
solicitors,  is  in  violation,  and  no  agents  may  be 
appointed  or  commissioned,  either  in  fact  or  in 
form,  in  excess  of  the  number  permitted  under 
the  Agreement.  Circ.  941,  A.  C.  12-17-07. 

(b)  No  member  shall  have  any  Agency  or 
Agencies  in  the  Boroughs  of  Manhattan  and 
the  Bronx,  nor  shall  any  company  have  such 
Agency  or  Agencies  other  than  the  Agency  of 
the  member  of  this  Exchange. 


m. 


AGREEMENT 


20 


Exceptions 


No  Branch 
Offices — where 


Branch  Offices; 
territory  allowed 


May  write  only  in 
Manhattan  and 
the  Bronx 

Classes  of  risks 
allowed 


(c)  This  rule,  however,  shall  not  apply  to 
the  present  existing  offices  of  the  Germania 
and  Peter  Cooper  Insurance  Companies,  nor  to 
the  present  office  of  the  New  York  Under- 
writers' Agency  located  within  the  district  do- 
scribed  in  paragraph  (d). 

A  re-insurance  company  that  is  a  member  of 
the  Exchange  may  have  but  one  office  or  con- 
nection in  Manhattan  and  the  Bronx  for  the 
transaction  of  business;  and  an  arrangement 
to  accept  business  for  account  of,  or  any  bind- 
ing arrangement,  in  addition  to  such  office  or 
connection,  is  equivalent  to  another  agency  and 
is  in  violation.  Circ.  664,  A.  C.  9-26-04. 

(d)  There  shall  be  no  Branch  Offices  in  the 
following  districts  in  the  Borough  of  Manhat- 
tan, viz:  south  of  a  line  drawn,  commencing  at 
West  Houston  Street,  including  both  sides  of 
said  street,  and  North  River,  running  easterly 
along  West  Houston  Street  to  Elizabeth  Street, 
thence  southerly  along  Elizabeth  Street  to 
Grand  Street,  thence  easterly  along  Grand 
Street  to  East  River. 

(e)  Any  member  of  the  Exchange  may  have 
not  exceeding  two  Branch  Offices  in  the  terri- 
tory between  the  line  above  mentioned  and  42d 
Street  (on  either  side  of  said  street)  and  not 
exceeding  four  north  of  42d  Street  in  the 
Boroughs  of  Manhattan  and  the  Bronx. 

A  Branch  Office  located  on  426.  Street  must 
be  considered,  according  to  paragraph  (e), 
Section  18  of  Agreement,  as  being  for  the 
territory  south  of  426  Street. 

Circ.    268,   A.    C.   9-14-01. 

(f)  The  Managers  of  such  Branch  Offices 
shall  write  no  risks  except  in  the  Boroughs  of 
Manhattan  and  the  Bronx,  nor  shall  such 
Branch  Offices  write  on  any  risk  other  than 
churches  and  schoolhouses  and  their  contents, 
dwellings  and  their  contents,  private  stables 
and  their  contents,  and  buildings  occupied  on 
grade  floor  as  stores,  and  above  the  grade 
floor  exclusively  as  dwellings  and  so  warranted 
in  the  policies,  and  their  contents. 

The  term  "schoolhouses"  in  above  paragraph 
shall  be  held  to  cover  all  educational  institu- 
tions occupying  buildings  solely  for  their  own 
use.  Circ.   267-9-11-01. 

Buildings  occupied  solely  by  Colleges  for 
their  own  use,  and  their  contents,  are  the  only 
class  of  risk  that  may  come  within  the  term 
"educational  institutions,"  as  used  in  vote  of 
September  nth,  1901,  defining  what  the  term 


m. 


AGREEMENT 


21 


"schoolhouses"  in  paragraph  (f),  Section  i8  of 
Agreement  shall  be  held  to  cover. 

Circ.  510-6-10-03. 

The  words,  "shall  write  no  risks  except  in 
the  Boroughs  of  Manhattan  and  the  Bronx" 
prohibit  the  issuance  from  the  office  of  any 
Branch  Manager  of  any  policy  which  might 
have  been  previously  executed  in  blank  at  the 
Head  Office,  and  a  strict  compliance  with  the 
letter  and  spirit  of  this  rule  requires  that  no 
such  policies  shall  be  executed  at  the  Head 
Office  except  in  their  entirety. 

Circ.  90,  A.  C.  10-24-99. 

Convents  may  be  classed  as  school  or 
church  property  and  subject  to  the  commission 
allowed  thereon.  Circ.  50-6-29-99. 

Branch  Managers  located  in  the  Borough  of 
the  Bronx  are  restricted  to  the  writing  of  risks 
located  within  so  much  of  that  territory  as  is 
under  the  jurisdiction  of  this  Exchange;  that 
is  to  say,  west  of  the  Bronx  River. 

Circ.  263,  A.  C.  9-7-01. 

Branch  Managers  are  allowed  to  write  Build- 
ings in  Course  of  Construction,  provided  poli- 
cies are  in  the  following  form: 

"On  building  while 

in  course  of  construction  or  while  occupied 
for  [here  in- 
sert intended  occupancy,  which  must  be  that 
of  a  risk  which  a  Branch  Manager  may  write]." 

Circ.  387-7-9-02. 

(ff)  Branch  Managers  may  be  given  Certifi- 
cates by  the  Brokerage  Committee  upon  ex- 
ecuting the  usual  Pledges  and  Agreements  re- 
quired from  brokers,  and  such  Certificates  may 
be  revoked  or  withheld  by  the  Brokerage 
Committee  for  the  same  reasons  as  would  ap- 
ply to  other  brokers.  In  case  of  revocation  of 
a  Certificate  the  Brokerage  Committee,  if  it 
deems  sufficient  cause  is  shown,  may  present 
the  case  to  the  Arbitration  Committee  and  ask 
that  the  appointment  of  such  Branch  Manager 
be  recalled. 

(g)  Managers  of  Branch  Offices  shall  be 
compensated  by  a  commission  only,  and  all  ex- 
penses of  whatsoever  name  or  nature  shall  be 
paid  by  them.  Such  commission  shall  be  25% 
upon  all  business  of  a  class  permitted  to  be 
written  by  Branch  Offices,  as  set  forth  in  para- 
graph (f)  of  this  section,  together  with  an 
over-riding  commission  of  not  exceeding 
12^%.  They  shall  be  entitled  as  brokers  to 
place   any   business   controlled   by   them   of   a 


May  hold  Certifi- 
cates as  brokers 


To  be  compen- 
sated by  com- 
mission   only 


Over-riding 


AGREEMENT 


22 


Contingent 


Net  profits 


^ 


Agencies 


non-Branch  Office  class  and  to  receive  there- 
for only  the  brokerage  allowed  by  the  rules 
of  this  Exchange.  The  allowance  to  a 
Branch  Manager  of  a  contingent  upon  the 
profits  of  his  office  is  forbidden,  except  that  in 
lieu  of  the  over-riding  commission  mentioned 
in  this  paragraph,  he  may  be  allowed  a  reduced 
over-riding  commission  with  a  contingent; 
commission  upon  the  net  profits  of  his  office  ; 
accruing  during  a  period  of  not  less  than  one  ' 
year,  such  net  profits  to  be  arrived  at  by 
deducting  from  the  gross  premiums  written 
all  return  premiums,  reinsurance  premiums^ 
commissions,  state  and  local  taxes,  losses  ivf- 
curred  and  the  expenses  of  adjustments,  and 
such  contingent  commission  not  to  exceed 
three  times  the  amount  of  the  reduction  in 
the  over-riding  commission. 

(h)  Each  member  of  the  Exchange  may  have 
one  Head  Office  or  Agency  in  the  Western 
District  and  one  in  the  Eastern  District  of  the 
Borough  of  Brooklyn,  also  one  in  Long  Island 
City,  all  of  whose  writings  shall  be  entirely 
confined  to  risks  upon  Long  Island. 

The  Eastern  District  of  Brooklyn  is  defined 
as  follows:  All  that  portion  of  the  Borough 
of  Brooklyn  lying  North  of  Flushing  Avenue 
from  Washington  Avenue  to  Broadway  and  up 
Broadway  to  East  New  York,  including  both 
sides  of  the  avenues  named.  The  Western 
District  is  all  that  portion  of  the  Borough  of 
Brooklyn  (or  Kings  County)  not  described  as 
comprised  in  the  Eastern  District. 

Circ.  26-5-4-99. 

Agents  must  have  a  bona  fide  office  located 
in  the  district  for  which  they  are  ap- 
pointed. Circ.  543,  A.  C.  9-17-03. 

(i)  Such  Managers  of  Head  Offices  or 
Agencies  may  be  compensated  in  such  manner 
as  their  principals  may  desire. 

(j)  Any  member  of  the  Exchange  or  Head 
Office  may  have  not  exceeding  two  Branch 
Offices  in  the  territory  known  as  the  Western, 
and  one  in  the  Eastern  District  of  the  Borough 
of  Brooklyn. 

(k)  Such  Managers  of  Branch  Offices  shall 
be  compensated  only  in  the  manner  and  form 
set  forth  in  paragraph  (g)  of  this  section. 

(1)  The  Managers  of  such  Branch  Offices 
shall  write  no  risk  except  in  the  Borough  of 
Brooklyn,  nor  shall  any  such  Branch  Offices 
write  on  any  risk  other  than  churches  and 
schoolhouses  and  their  contents,  dwellings  and 


Brooklyn 
Districts  defined 


Compensation 
of  Agents 

Branch   Offices 
in  Brooklyn 


Compensation 
of  Branch 
Managers 

Must  write  in 
their   own 
districts 


AGREEMENT 


23 


•  their  contents,  private  stables  and  their  con- 
tents, and  buildings  occupied  on  grade  floor  as 
stores,  and  above  the  grade  floor  exclusively 
as  dwellings  and  so  warranted  in  the  policies, 
and  their  contents. 

Convents  may  be  classed  as  school  or  church 
property  and  subject  to  the  commission  al- 
lowed thereon.  Circ.  50-6-29-99. 


Jersey  City, 
Hoboken  and 
Hudson  County 
Agents  not 
allowed  to  write 
in  New  York 


New  Jersey 
Resident  Agents 


Agents  and 
Branch  Offices 
Amenable  to 
rules  and  rates 


Declaration 
to  be  filed 


(m)  Each  member  may  have  two  Head 
Offices  or  Agencies  in  Jersey  City,  one  in 
Hoboken,  one  in  Bayonne,  and  one  in  the  re- 
maining portion  of  Hudson  County  east  of  the 
Hackensack  River.  Such  Agents  shall  not  be 
allowed  to  write  risks  located  in  the  City  of 
New  York.  They  may  be  compensated  in  such 
manner  as  their  principals  may  desire. 

For  the  purpose  of  complying  with  the  Resi- 
dent Agents  law  of  New  Jersey,  the  appoint- 
ment of  a  resident  of  that  state,  but  employed 
in  a  clerical  capacity  in  New  York,  whose 
powers  are  restricted  to  the  countersigning  of 
policies  covering  property  in  New  Jersey 
which  may  be  issued  at  the  main  office  of  a 
member,  such  Agent  not  being  a  Certified 
Broker,  and  to  whom  no  commission  is  al- 
lowed, is  not  in  violation  of  the  rules  of  the 
Exchange,  and  such  appointee  shall  not  be  re- 
garded as  one  of  the  agencies  authorized  in 
Jersey  City,  Hoboken  and  the  adjacent  terri- 
tory under  Section  i8,  paragraph  (m)  of  the 
Agreement.  Circ.  21,  A.  C.  4-28-99. 

(n)  Head  Offices  or  Agencies  and  Branch 
Offices  and  companies  represented  by  them 
shall  be  held  amenable  to  the  rules  and  rates 
of  this  Exchange;  and  the  member  or  company 
represented  by  a  member  having  such  Agency 
or  Branch  Office  shall  be  responsible  for  its 
proper  conduct. 

The  employment  by  a  member,  or  by  an 
Agent,  Branch  Manager,  or  other  representa- 
tive of  a  member,  of  an  Agent,  Branch  Man- 
ager, or  employee  of  a  non-Exchange  company 
will  be  regarded  as  a  violation  and  so  dealt 
with.  Circ.  170,  A.  C.  10-12-00. 

(o)  On  August  1,  1908,  and  on  February  15th 
of  each  year  thereafter,  each  member  shall  file 
with  the  Manager  a  declaration  executed  (if  a 
company)  by  its  Manager,  or  President,  or 
Secretary;  or  (if  an  agency)  by  the  agent  him- 
self or  by  a  member  of  the  agency  firm;  in 
the  following  form: 


AGREEMENT 


24 


Form 


Separate    declara- 
tion for  each 
Branch  Office 


Must  do  business 
at  assigned 
location  solely 


Penalty  for 
violation 


"I,   on  behalf  of 

(name  company  or  agency)  do  hereby  declare 
that  the  compensation  paid,   or   agreed  to  be 

paid  by  this  office  to Branch 

Manager..,  having  an  office  at 

does  not  exceed  a  commission  of  25%  upon 
all  business  written  by  such  Branch  Manager., 
(such  business  being  limited  to  churches  and 
schoolhouses  and  their  contents,  dwellings  and 
their  contents,  private  stables  and  their  con- 
tents, and  buildings  occupied  on  grade  floor  as 
stores,  and  above  the  gradp  floor  exclusively 
as  dwellings  and  so  warranted  in  the  policies, 
and  their  contents),  with  an  over-riding  com- 
mission thereon  of  . . .%  and  with  a  contingent 
commission  of  ...  %  upon  the  net  profits  of  the 
branch  office;  and  that  no  compensation 
greater  than  15%  (or  10%  if  the  business  is 
located  in  the  "Congested  District"  of  Manhat- 
tan) has  been,  or  is  agreed  to  be,  paid  to  such 
Branch  Manager..,  upon  business  written  by 
this  office  on  account  of  such  Branch  Man- 
ager.., the  same  being  business  which  such 
Branch  Manager,,  is /are  not  permitted  to 
write  direct;  and  I  further  declare  that  no  ar- 
rangement has  been,  or  will  be  entered  into 
whereby  any  greater  compensation  will  be  al- 
lowed, or  paid  directly  or  indirectly,  to  said 
Branch  Manager..,  or  on  his /their  account 
or  on  his  /  their  behalf." 

(Signed) 

A  separate  declaration  as  above  shall  be  filed 
with  reference  to  each  and  every  Branch 
Office  which  each  member  may  have  in  the 
territory  of  the  Exchange,  and  any  failure  to 
file  such  declaration  on  or  before  the  first  day 
of  August,  1908,  and  on  February  15th,  of  each 
year  thereafter,  shall  be  forthwith  reported  to 
the  Arbitration  Committee,  and  that  Commit- 
tee shall  thereupon  fine  the  principal  maintain- 
ing such  office  $50  per  diem  until  such  declara- 
tion is  filed. 

(p)  Branch  Managers  will  be  in  violation  of 
the  rules  unless  they  are  in  charge  of  bona  fide 
insurance  offices  located  in  the  district  as- 
signed them,  and  unless  they  transact  their  in- 
surance business  at  their  assigned  location 
solely. 

(q)  Any  Branch  Manager  having  been 
proven  to  have  wilfully  broken  a  rate,  or  to 
have  paid  a  brokerage  in  excess  of  that  per- 
mitted  by   the   rules   of   this    Exchange   shall, 


AGREEMENT 


25 


Not  to  be  em- 
ployed by  any 
other  member 


Names  and 
addresses  to  be 
filed 


Within   seven 
dayi 


If  appointments 
objected  to 


Must  be  revoked 


Appeals 


Shall  file  a  Pledge 


Form 


upon  being  found  guilty  to  the  satisfaction  of 
the  Arbitration  or  Grievance  Committee,  have 
his  appointment  immediately  revoked,  and  no 
member  shall  again  employ  him  in  the  capacity 
of  Branch  Manager,  The  findings  of  said 
Committee  shall,  however,  be  open  to  appeal 
to  the  Exchange  as  provided  in  this  Agree- 
ment. 

(r)  The  name  and  address  of  every  Agent 
and  Branch  Manager  shall  be  promptly  filed 
with  the  Manager  of  this  Exchange,  who 
shall  keep  a  list  of  the  same  in  a  book  to  be 
prepared  for  that  purpose,  which  list  shall  be 
open  to  the  inspection  of  the  members  of  the 
Exchange  at  all  convenient  times. 

Failure  to  give  notice  to  the  Manager  of  the 
appointment  of  an  Agent  or  Branch  Manager 
within  seven  days  after  such  appointment  is 
made  will  be  regarded  as  a  violation  of  Sec- 
tion i8  (r).  Circ.  294,  A.  C.  11-19-01. 

(s)  If  any  member  shall  object  to  any  such 
appointment,  the  question  shall  be  referred  to 
the  Arbitration  or  Grievance  Committee;  and 
if  said  Committee  shall  decide  that  such  ap- 
pointment has  been  made  in  violation  of  the 
letter  or  spirit  of  this  Agreement,  it  shall  be 
immediately  revoked  upon  their  request.  An 
appeal  to  a  general  meeting  against  any  deci- 
sion rendered  may  be  taken  in  accordance  with 
the  provisions  of  this  Agreement.  The  rules 
of  this  Exchange,  as  to  brokerage  and  com- 
mission, apply  to  all  risks  wheresoever  located, 
whether  afloat  or  ashore,  and  whether  rated  or 
not  rated,  when  written  in  the  territory  cov- 
ered by  this  Exchange.  I 

(t)  Every  Agent  and  Branch  Manager  shall 
file  with  the  Manager  of  this  Exchange  a 
pledge  reading  as  follows:  | 

" hereby  promise  and  agree  that 

will  observe  the  Agreement,  rates,  rules  and 
regulations  of  the   New  York  Fire  Insurance 

Exchange  in  letter  and  spirit  so  long  as 

shall  hold  an  appointment  as  ; 

for  any  member  of  the  Exchange."  j 

I 


and  refusal  to  file  such  a  pledge  shall  be  suffi- 
cient ground  for  the  Arbitration  Committee  to 
request  the  immediate  revocation  of  appoint- 
ment of  such  Agent  or  Branch  Manager, 


I 


# 


AGREEMENT 


20 


No  other  kinds 
of  risk  to  be 
included  in 
fire  policies 


Section  19. 

No  member  shall  include  in  a  fire  policy,  or 
by  endorsement  thereon,  any  risk  other  than 
that  of  fire  and  lightning,  and  any  company 
granting  marine  or  tornado  insurance,  or  giv- 
ing any  privileges,  or  doing  anything  that  re- 
sults in  lowering  the  regular  rates,  is  in  viola- 
tion of  the  rules  and  rates  of  this  Exchange. 

The  issuing  of  floaters  covering  automobiles 
not  only  against  fire  but  also  against  marine 
perils  while  on  board  steamers,  and  against 
loss  or  damage  resulting  from  derailment  of 
cars  while  in  course  of  transportation,  is  a 
violation  of  Section  19  of  the  Agreement, 
which  forbids  the  granting  of  marine  or  tor- 
nado insurance,  or  the  giving  of  any  privilege, 
or  doing  anything  that  results  in  lowering  the 
regular  rates.  Circ.  637,  A,  C.  6-10-04. 


Payment  of 
Premiums 


Notice  of 
Cancellation 


Form  of  Premiiun 
Certificate 


Section  20. 

(a)  All  premiums  shall  be  due  upon  the  de- 
livery of  the  policy,  and  if  not  paid  by  the 
tenth  day  of  the  second  month  following  the 
month  in  which  the  insurance  takes  effect, 
notice  of  the  cancellation  as  required  by  the 
Standard  Policy  shall  be  sent  to  the  assured 
direct  (and,  if  the  policy  be  held  as  collateral, 
to  the  party  also,  to  whom  it  is  payable)  not 
later  than  the  twelfth  of  the  said  second 
month,  or  if  the  twelfth  falls  on  Sunday  or  a 
holiday,  then  on  the  next  working  day;  and  if 
the  premiums  be  not  paid  within  five  days  fol- 
lowing the  service  of  such  notice,  the  policies 
shall  be  cancelled,  and  notice  that  they  have 
been  cancelled  shall  be  sent  to  the  assured 
direct,  not  later  than  the  20th  of  the  month. 
On  the  20th  of  each  month  (or,  if  the  20th  shall 
fall  upon  a  legal  holiday,  on  the  next  working 
day)  each  member  of  the  Exchange,  and  also 
each  Agent  and  Branch  Oflfice  Manager  within 
the  jurisdiction  of  the  Exchange,  shall  make  a 
statement  as  per  following  form,  and  deliver 
same  to  the  Manager  of  the  Exchange: — 

"The  undersigned,  member  of  the  New  York 
Fire  Insurance  Exchange,  or  Agent  or  Branch 

Office  Manager  of  the Insurance 

Company,  hereby  certifies  that  all  the  pre- 
miums on  all  the  policies  issued  by  the  said 
member.    Agent    or    Branch    Office    Manager, 

and  taking  effect  in  the  month  of 

were  paid  on  the  20th  inst.,   or,  if  any  were 


AGREEMENT 


87 


unpaid  at  that  date,  all  such  policies  have  been 
cancelled  for  non-payment  and  notices  of  such 
cancellations  have  been  sent  to  the  assured 
and  to  the  payee,  if  any." 


Date, 


Signature , 


Manager  shall 
report  names 


Payment  of 
Premiums 


The  Manager  pf  the  Exchange  shall  report 
to  the  Arbitration  or  Grievance  Committee  the 
names  of  all  members,  Agents  or  Branch 
Offices,  if  any,  who  fail  to  promptly  file  the 
statement  above  required. 

When  a  member  has  been  obliged  to  cancel 
a  policy  for  non-payment  of  premium  he  shall 
furnish  a  statement  to  that  effect  to  the  Man- 
ager, covering  the  name  of  the  Company,  name 
and  location  of  risk,  amount,  date  of  com- 
mencement of  insurance,  and  the  name  of  the 
broker. 

Circ.  710-3-8-05. 

Any  omission  to  send  out  cancellation  no- 
tices based  upon  an  agreement  that  the  Broker 
guarantees  payment  of  the  premiums  before 
the  2oth  of  the  month  will  be  regarded  as  a 
violation  and  dealt  with  accordingly. 

Circ.  93,  A.  C  11-8-99. 

The  fact  that  a  broker  has  a  credit  in  the 
hands  of  an  office  issuing  a  policy,  does  not 
permit  cancellation  notice  to  the  assured  to  be 
withheld  if  premium  on  such  policy  is  not  paid 
when  due  under  the  rules.  A.  C.  2-18-01. 

The  allowance  of  a  discount  for  cash  pay- 
ment of  premiums  will  be  regarded  as  a  re- 
bate and  violation  and  dealt  with  accordingly. 

Circ.  193,  B.  C.  12-17-00. 

The  allowance  of  credit  for  full  return  pre- 
miums, or  for  any  other  than  the  proper  un- 
earned premiums,  upon  policies  that  have  been 
settled  for  under  the  rules,  but  which  are  sub- 
sequently returned  with  the  claim  that  they 
have  never  been  paid  for  by  the  insured,  is  a 
violation,  the  clear  intent  of  section  20  of 
Agreement  being  that  policies  shall  not  only 
be  paid  for  within  the  required  time,  but  that 
such  payment  shall  be  regarded  as  a  bona  fide 
premium  which  shall  not  be  subsequently  re- 
turned except  subject  to  the  earned  premium 
for  the  elapsed  time.     Circ.  993,  A.  C.  7-20-08. 


AGREEMENT 


28 


Open  entries,  time 
of  closing  and 
rate 


Time  for  payment 
of  premiums 
may  be 
extended 


The  provisions  of  Section  20  relating  to  the 
Collection  of  Premiums  apply  only  on  policies 
covering  risks  located  within  the  jurisdiction 
of  this  Exchange.  Circ.  114,  A.  C.  2-1-00. 

Re-insurance  premiums  as  well  as  direct  pre- 
miums must  be  paid  within  the  time  stipulated, 
viz:  "by  the  tenth  day  of  the  second  month 
following  the  month  in  which  the  insurance 
takes  effect."  Circ.  43,  A.  C.  6-16-99. 

The  acceptance  of  a  check  in  payment  of 
premiums,  no  matter  when  dated,  which  shall 
be  held  by  the  member  receiving  it  for  more 
than  twenty-four  hours  (Sundays  and  holidays 
excepted)  after  the  time  specified  by  Section  20 
of  the  Agreement,  as  amended,  will  be  re- 
garded as  a  deviation  and  so  dealt  with. 

Circ.  78,  A.  C.  9-21-99. 

The  acceptance  of  a  check  dated  later  than 
the  time  fixed  for  the  payment  of  premiums 
under  the  rules  of  the  Exchange  must  be  re- 
garded as  a  deviation  and  so  dealt  with. 

Circ.  72,  A.  C.  8-30-99. 

Additional  Premiums  charged  under  endorse- 
ments on  policies  shall  be  treated  in  the  same 
manner  as  if  they  were  original  premiums,  and 
are  subject  to  Exchange  rules  regarding  can- 
cellation of  policies  for  non-payment  of  pre-, 
miums  within  the  time  prescribed  by  above 
section.  Circ.  107,  A.  C.  1-10-00. 

Where  an  additional  premium  is  required 
under  the  rules  of  the  Exchange  which  would 
amount  to  less  than  25  cents  the  charge  there- 
for may  be  waived.  Circ.  216-3-20-01. 

(b)  All  insurance  effected  upon  open  entry, 
or  carried  on  binder,  must  be  closed  and  pre- 
mium thereon  paid  within  the  time  above 
specified.  In  closing  same  it  shall  be  on  the 
basis  of  rate  existing  at  the  time  insurance 
was  made  binding. 

(c)  The  Arbitration  or  Grievance  Committee 
shall  have  authority  to  extend  the  time  for  the 
payment  of  premiums,  in  specific  cases,  on  ac- 
count of  sickness  or  absence  of  an  assured,  or 
similar  sufficient  excuse,  on  the  written  re- 
quest of  the  member  interested. 

Requests  for  extension  of  time  for  payment 
of  premiums  cannot  be  considered  unless 
placed  in  the  hands  of  the  Committee  on  or 
before  the  seventh  day  of  the  second  month 
following  the  month  in  which  the  insurance 
took  effect.  Circ.  610,  A.  C.  3-28-04. 


AGREEMENT 


29 


Section  21. 


Outside  Risks, 
brokerage  on 


Local  tariff  to 
govern 


(a)  No  brokerage  in  excess  of  ten  per  cent 
shall  be  paid  on  any  risk  outside  the  territory 
included  in  this  Agreement,  except  when  such 
risk  is  within  the  jurisdiction  of  local  boards 
whose  rules  allow  a  higher  brokerage  than  ten 
per  cent,  and  then  such  brokerage  must  not 
be  exceeded. 

An  allowance  of  brokerage  in  excess  of  ten 
per  cent  on  floating  policies  covering  outside 
the  territory  of  this  Exchange  is  a  violation, 
whether  such  policies  also  cover  within  such 
territory  or  not.  Circ.  396,  8-13-02. 

The  provisions  of  Section  21  (a)  do  not  ap- 
ply to  Floater  Forms  5,  6,  7  and  8,  because 
when  those  forms  were  adopted  Staten  Island 
was  within  the  territory  of  the  Tariff  Associa- 
tion. Circ.  543,  A.  C.  9-17-03. 

(b)  In  case  any  risk  on  property  located  out- 
side the  territory  of  this  Exchange  be  written 
or  accepted  otherwise  than  through  a  local 
agent  of  the  company,  the  rate  at  which  the 
risk  is  accepted  shall  be  that  of  the  local  tariff 
of  the  place  where  it  is  located,  and  the  policy 
shall  conform  to  rules  and  forms  there  re- 
quired. This  provides  that  members  shall  not 
write  in  their  offices  situated  in  the  territory 
covered  by  this  Exchange  in  violation  of  the 
tariff  rate  of  any  local  board. 

Where  a  policy  covers  property  located 
within  the  territory  of  the  Exchange,  and  also 
property  located  outside  of  such  territory,  the 
rate  on  the  property  located  outside  of  the  ter- 
ritory of  the  Exchange  shall  be  in  accordance 
with  the  rules  and  rates  of  the  locality  where 
the  property  is  located,  but  in  no  case  less  than 
the  rate  of  the  New  York  Fire  Insurance  Ex- 
change on  the  property  located  within  its  terri- 
tory. Circ.  134,  R.  C.  4-25-00. 

The  Broker's  Pledge,  wherein  it  is  promised 
and  agreed  that  no  commission  or  brokerage 
will  be  paid  to  or  divided  with  any  persons  not 
holding  a  Broker's  Certificate  does  not  apply 
to  any  insurance  on  risks  located  outside  of  the 
jurisdiction  of  this  Exchange,  provided  the  re- 
strictions named  in  Section  21  of  the  Agree- 
ment are  observed..     Circ.  465,  A.  C.  2-16-03. 


/ 


AGREEMENT 


30 


Re-Insurance 


Affidavit  Risks 
excepted 


Section  22. 

(a)  No  member  or  company  represented  by 
a  member  shall  effect,  here  or  abroad,  any  re- 
insurance upon  risks  located  in  the  territory 
of  this  Exchange,  otherwise  than  with  mem- 
bers of  the  New  York  Fire  Insurance  Ex- 
change. 

A  re-insurance  company  that  is  a  member  ol 
the  Exchange  may  have  but  one  office  or  con»> 
nection  in  Manhattan  and  the  Bronx  for  the 
transaction  of  business;  and  an  arrangement  to 
accept  business  for  account  of,  or  any  binding 
arrangement  in  addition  to,  such  office  or  con- 
nection is  equivalent  to  another  agency  and  is 
in  violation.  Circ.  664,  A.  C.  9-26-04. 

It  is  a  violation  of  the  rules  of  the  Exchange 
to  effect  re-insurance  in  any  Company  not 
legally  admitted  to  transact  business  in  that 
portion  of  the  territory  of  the  Exchange  in 
which  re-insurance  is  desired;  but  this  does 
not  apply  to  so-called  Affidavit  Risks. 

Circ.  117,  A.  C.  2-10-00. 

If  a  policy  written  at  tariff  rate  is  reinsured 
in  whole  or  in  part  the  reinsurance  may  be 
written  at  the  same  rate  as  that  which  the  re- 
insured policy  bears  at  time  of  reinsurance 
even  though  a  higher  rate  may  have  subse- 
quently been  promulgated. 

Circ.  1102,  A.  C.  8-12-09. 

Re-insurance  written  within  the  jurisdiction 
of  this  Exchange  on  policies  covering  risks 
located  outside  the  territory  of  this  Exchange 
must  be  written  at  the  tariff  rate  of  the  local 
board  having  jurisdiction. 

Circ.  141,  A.  C.  6-13-00. 

The  rules  of  the  Exchange  do  not  affect  the 
commission  paid  by  one  company  to  another, 
both  being  members  of  the  Exchange,  for  the 
re-insurance  of  risks  located  outside  of  the 
jurisdiction  of  this  Exchange. 

Circ.  72,  A.  C.  8-30-99. 

Exchange  members  may  re-insure  non- 
Exchange  companies  upon  risks  located  within 
the  jurisdiction  of  the  Exchange,  provided  no 
commission  or  brokerage  thereon  is  paid  to 
the  re-insured  company,  or  to  the  broker,  or 
agent.  Circ.  160,  A.  C.  8-11-00. 

(b)  The  above  restrictions  shall  not  apply 
to  such  risks  as,  under  the  provisions  of  the 
Statutes   of   New  York  State,  may  be  placed 


AGREEMENT 


31 


Affidavit  risks 

excepted 

(Concluded) 


by  licensed  brokers  in  companies  not  duly  ad- 
mitted to  transact  business  in  the  State,  nor 
shall  it  apply  to  buildings  or  contents  of  rail- 
road terminal  property. 

As  to  the  right  of  companies  to  effect  Re- 
Insurance  in  outside  Companies,  all  Exchange 
companies  being  full,  it  is  ruled  that  the  same 
privilege  would  extend  to  companies  effecting 
Re-Insurance  as  is  given  to  Brokers  imder 
Pledge  Class  2,  they  also  rendering  to  the 
Manager  a  statement  of  the  amounts  of  such 
insurance  and  the  companies  in  which  it  is 
effected  similar  to  the  statement  required  from 
Brokers  under  same  circumstances. 

Circ.  70,  A.  C.  8-21-99. 

In  the  matter  of  re-insurance  of  policies  is- 
sued prior  to  organization  of  the  Exchange 
and  commissions  allowed  thereon,  it  is  ruled 
that  any  policy,  whether  direct  or  by  way  of 
re-insurance,  written  subsequent  to  March  8, 
1899,  should  conform  fully  to  tariff  require- 
ments as  to  rates  and  rules. 

Circ.  88,  M.  10-17-99. 

Re-insurance  of  fire  liability  of  Marine  In- 
surance Companies  on  merchandise  either 
specific  or  by  floating  policies  must  conform 
to  all  Exchange  rules  and  rates. 

Circ.  94,  A.   C.  11-10-99. 


Withdrawals 


Section  23. 

Any  member  may  withdraw  from  this  Ex- 
change on  giving  thirty  days  notice  in  writing 
to  the  President  of  the  Exchange  of  his  inten- 
tion to  do  so;  it  being  understood  that,  at  the 
end  of  such  thirty  days  and  on  such  with- 
drawal any  other  member  may  withdraw  at 
the  same  time,  provided  he  has  given,  at  least, 
five  days  notice  in  writing  to  the  President 
of  the  Exchange  of  his  intention  to  do  so. 
Notices  of  resignation  shall  be  immediately 
communicated  to  all  the  members. 


Changes  in 
Agreement 


Section  24. 

No  change  shall  be  made  in  this  Agreement 
until  written  or  printed  notice  of  a  proposition 
to  amend  has  been  sent  to  every  member  not 
less  than  one  week  in  advance  of  the  day  fixed 
for  its  discussion;  and  no  change  or  addition 
shall  be  made  if  any  member  present  at  such 
meeting  shall  vote  Tn  the  negative 


AGREEMENT 


32 


Arrangements  to 
be  relinquished 


Section  25. 

(a)  All  companies  having  arrangements 
which,  in  accordance  with  the  rules  now 
adopted,  will  have  to  be  relinquished  or  read- 
justed shall,  as  the  alternative  of  immediate 
acquiescence,  file  with  the  Arbitration  Com- 
mittee a  statement  of  such  arrangements,  ac- 
companied by  an  application  for  time  in  which 
to  reform  the  same;  and  the  maintenance  of 
such  arrangements  in  the  absence  of  the  sub- 
mission of  such  application  shall  be  held  to  be 
in  violation  of  the  rules  of  the  Exchange. 

(b)  The  Arbitration  Committee  shall  there- 
upon, with  due  diligence,  proceed  to  pass  upon 
the  applications  filed;  and  the  decision  of  such 
Committee  when  rendered  shall  be  final  and 
conclusive;  and  the  said  Committee  shall,  upon 
request  of  any  member,  furnish  him  with  full 
information  as  to  any  such  arrangements  filed. 


Information 
as  to  such 
arrangements 


Pledge  of 
Member 


Section  26. 

I  hereby  agree  for  myself  and  the  company 
or  companies  which  I  represent  that  I  will 
observe  the  foregoing  Agreement  and  all  the 
Rates,  Rules  and  Regulations  of  the  New 
York  Fire  Insurance  Exchange,  in  letter  and 
in  spirit,  until  I  am  released  from  its  obliga- 
tions, as  therein  provided.  I  have  not  any 
agreement  or  contract  with  brokers,  or  others, 
not  in  accordance  with  its  provisions,  nor  will 
I  make  any  such  while  I  am  a  member  of  this 
Exchange. 


Signature  of 
member  to 
foregoing 
Agreement 
and  Pledge 


List  of  Members 


An  asterisk  (*)  indicates  that  the  company  does  business  only 
in  that  portion  of  Exchange  territory  which  is  located  in  New 
Jersey. 

COMPANY  MEMBERS. 


Ltd 


The 


Aachen  &  Munich  Fire  Ins.  Co. 

Adirondack  Fire  Insurance  Co. 

Assurance  Company  of  America 

Atlas  Assurance   Company 

Caledonian  American  Insurance  Co 

Caledonian  Insurance  Co. 

City  of  New  York  Insurance  Co. 

Cologne  Reinsurance  Co. 

Colonial  Assurance  Co.    . 

Commercial  Union  Assurance  Co., 

Commercial  Union  Insurance  Co. 

Commonwealth  Insurance  Co. 

Continental  Insurance  Co. 

Empire  City  Fire  Insurance  Co. 

Fidelity-Phenix  Fire  Insurance  Co. 

First  Russian  Insurance  Co.     . 

German  Alliance  Insurance  Co. 

German  American  Insurance  Co. 

Germania  Fire  Insurance  Co.  . 

Globe  &  Rutgers  Fire  Insurance  Co. 

Hamburg-Bremen  Fire  Insurance  Co. 

Hamilton    Fire   Insurance    Co 

Hanover  Fire  Insurance  Co. 

Home  Insurance  Co. 

International  Insurance  Co. 

Jakor  Insurance  Co. 

Liverpool  &  London  &  Globe  Insurance  Co 

Liverpool  &  London  &  Globe  Insurance  Co 

London  Assurance  Corporation 

London  &  Lancashire  Fire  Insurance  Co. 

Lumber  Insurance    Co 

Merchants  Fire  Assurance  Corporation 
Moscow  Fire  Insurance  Co.     . 
Munich  Re-Insurance  Co. 
Nassau   Fire  Insurance   Co.     . 
*National  Fire  &  Marine  Insurance   Co 
New  Amsterdam  Fire  Insurance  Co.    . 
New  York  Underwriters  Agency 
Niagara  Fire  Insurance  Co.     . 


ix-la-Chapelle,  Germany 

New  York 

New  York 

.  London,  England 

New   York 

Scotland 

New  York 

Cologne,  Germany 

New  York 


St 


England 
New  York 
New  York 
New  York 
New  York 
New  York 

Petersburg,  Russia 
New  York 
New  York 
New  York 
New  York 
Hamburg,  Germany 
New  York 
New  York 
New  York 
New  York 

.    Moscow,   Russia 

Liverpool,  England 

New  York 

.  London,  England 

Liverpool,   England 

New  York 

New  York 

.    Moscow,  Russia 

.Munich,  Germany 
New   York 

.  Elizabeth, 
New 
New 
New 


N.  J. 
York 
York 
York 


33 


LIST  OF   MEMBERS 


34 


North  British  &  Mercantile  Insurance  Co. 
North  British  &  Mercantile  Insurance  Co. 
Northern  Assurance  Co. 
Northern  Insurance  Co.  . 
North  River  Insurance  Co. 
Norwich  Union  Fire  Insurance  Society- 
Pacific  Fire  Insurance  Co. 
Palatine  Insurance  Co.,  Ltd. 
Pelican  Assurance  Co. 
Peter  Cooper  Fire  Insurance  Co. 
Phoenix  Assurance  Co. 
Queen  Insurance  Co. 
Richmond  Insurance  Co. 
Rossia  Insurance  Co. 
Royal  Insurance  Co. 
Russian  Re-msurance  Co. 
Salamandra  Insurance  Co. 
Skandia  Insurance  Co. 
*  State  Fire  Insurance  Co. 
Stuyvesant  Insurance  Co. 
Sun  Insurance  Office 
United  States  Fire  Insurance  Co. 
Westchester  Fire  Insurance  Co. 
Williamsburgh  City  Fire  Insurance  Co. 


Liverpool,  England 

New  York 

London,  England 

New  York 

New   York 

Norwich,  England 

New  York 

Manchester,   England 

New  York 

New  York 

London,   England 

New  York 

New  York 

St.  Petersburg,  Russia 

Liverpool,   England 

St.  Petersburg,  Russia 

St.  Petersburg,  Russia 

Stockholm,  Sweden 

Liverpool,  England 

New  York 

London,  England 

New  York 

New  York 

New  York 


b 


AGENCY  MEMBERS. 


Brown  &  Co.,  T.  Y. 
Brown  &  Co.,  Willard  S. 
Cluff,  Edward 
Crum  &  Forster 
Darby,  D.  M. 
Frelinghuysen,  J.  S. 
Hall  &  Henshaw 
Hampton,  Howard 
Herrick,   Harold 
Hilliard,  J.   G. 
James  &  Co.,  Fred.  S. 
Kelly  &  Fuller 
Kelly,  Fuller  &  de  Rivera 
McDaniel,  F.  S. 
Miller,   A.   E. 
Montgomery  &  Fountain 
Newman  &  MacBain 
Ogden  &  Son,  W.  B. 


Pawley,  F.  A. 
Perrin  &  Son,  W.  L. 
Reid,  Wallace 
Ross,  F.  H. 
Sammis  &  Co.,  W.  D. 
Smith,  C.  G. 
Sohmer,  Wm. 
Starkweather  &  Shepley 
Talbot  &  Co.,  John  M. 
Talbot,  Wallace  &  Co. 
Ward  &  Crawford 
Wayland,  Curtis  C. 
Weed  &  Kennedy 
Whilden  &  Hancock 
White,  Major  A. 
Whiton  &  Merges 
Withers  &  Mills 


■b 


< 


COMPANIES  REPRESENTED  BY  MEMBERS 


35 


COMPANIES    REPRESENTED    BY    MEMBERS    AND 

AGENTS. 


The  following  is  a  list  of  Companies  represented  by  Members  of 
the  Exchange  and  by  Agents  under  Exchange  jurisdiction  as  re- 
corded at  the  Manager's  Office  up  to  July  ist,  1910. 


o. 


yEtna    Insurance    Co. 

Agricultural  Insurance  Co. 

Albany  Insurance   Co. 

American  National  Insurance  Co.    . 

Allemania   Fire   Insurance  Co. 

Alliance   Insurance   Co.     . 

American  Central  Insurance  Co.     . 

American  Fire  Insurance   Co. 

American   Insurance   Co. 

Atlanta-Birmingham  Fire  Insurance   C 

Atlanta   Home   Insurance    Co. 

Austin  Fire  Insurance  Co. 

Ben  Franklin  Fire  Insurance  Co.     . 

Boston   Insurance   Co. 

British  America  Assurance  Co. 

Buffalo  Commercial  Insurance  Co. 

Buffalo  German  Insurance  Co. 

California  Fire  Insurance  Co. 

Calumet  Insurance  Co.     . 

Camden  Fire  Insurance  Association 

Capital  Fire  Insurance  Co. 

Central  National  Fire  Insurance  Co. 

Citizens'    Fire    Insurance    Co. 

Citizens'  Insurance  Co.     . 

Commerce   Insurance   Co. 

Commonwealth  Insurance  Co.    . 

Concordia  Fire   Insurance  Co, 

Connecticut  Fire  Insurance  Co. 

Cooper   Fire   Insurance   Co.     . 

County  Fire  Insurance  Co.  of  Philadelphia 

Delaware  Insurance  Co.  of  Philadelphia 

Detroit  Fire  and  Marine  Insurance  Co. 

Dixie  Fire   Insurance   Co. 

Dubuque  Fire  and  Marine  Insurance  Co. 

Dutchess  Insurance  Co 

*  Eastern  Fire  Insurance  Co. 
Equitable  Fire  and  Marine  Insurance  Co. 
Farmers*  Fire  Insurance  Co. 
Fire  Association  of  Philadelphia    . 
Firemans    Fund    Insurance    Co. 
Firemen's  Insurance  Co.  of  Newark,  N.  J. 
^Florida  Home  Insurance  Co.     . 
Franklin  Fire  Insurance  Co.  of  Philadelphia 
Freeholders  Insurance  Co 


.    Hartford,  Conn. 

Watertown,  N.  Y. 

Albany,  N.  Y. 

.    Rock  Island,  111. 

.      Pittsburgh,   Pa. 

.  Philadelphia,  Pa. 

St.  Louis,  Mo. 

.    Philadelphia,  Pa. 

Newark,  N.  J. 

Birmingham,   Ala. 

.   Atlanta,  Ga. 

Austin,  Texas 

Allegheny,  Pa. 

Boston,  Mass. 

.   Toronto,  Canada 

Buffalo,  N.  Y. 

Buffalo,  N.  Y. 

San  Francisco,  Cal. 

.  Chicago,  111. 

Camden,  N.  J. 

Concord,  N.  H. 

.  Chicago,  111. 

Charlestown,  W.  Va. 

St.  Louis,  Mo. 

Albany,  N.  Y. 

Dallas,  Texas 

.  Milwaukee,  Wis. 

.     Hartford,  Conn. 

Dayton,  Ohio 

.   Philadelphia,  Pa. 

.   Philadelphia,  Pa. 

Detroit,  Mich. 

Greensboro,  N.  C. 

Dubuque,  Iowa 

Poughkeepsie,  N.  Y. 

Atlantic  City,  N.  J. 

.  Providence,  R.  I. 

York,  Pa. 

.  Philadelphia,  Pa. 

San  Francisco,  Cal. 

Newark,  N.  J. 

Marianna,  Fla. 

.  Philadelphia,   Pa. 

Topeka,  Kan. 


COMPANIES  REPRESENTED  BY  MEMBERS 


36 


o. 


Georgia  Home  Insurance  Co. 

German  American  Fire  Insurance  Co.     . 

German  American  Fire  Ins.  Co.  of  Pennsylvania 

German  Fire  Ins.  Co.  of  the  City  of  Pittsburgh 

German  Fire  Insurance  Co.        .     . 

German  Fire  Insurance  Co.        .     . 

Girard  Fire  and  Marine  Insurance  Co.     . 

Glens  Falls  Insurance  Co. 

Granite  State  Fire  Insurance  Co.     . 

Hartford  Fire  Insurance  Co.    . 

Hawkeye  Insurance  Co 

Humboldt  Fire  Insurance  Co. 

Imperial  Fire  Insurance  Co.     . 

Insurance  Co.  of  North  America    . 

Insurance  Co.  of  the  State  of  Illinois 

Insurance  Co.  of  the  State  of  Pennsylvania 

Jefferson  Fire  Insurance  Co.  . 

Law  Union  and  Crown  Fire  and  Life  Ins.  Co 

Lumbermen's  Insurance  Co.     . 

Massachusetts  Fire  and  Marine  Insurance  C 

Mechanics*  and  Traders*  Insurance  Co. 

Mechanics*  Insurance  Co. 

Michigan  Commercial  Insurance  Co.     . 

Michigan  Fire  and  Marine  Insurance  Co. 

Millers'  National   Insurance   Co.     . 

Milwaukee  Fire  Insurance  Co. 

Milwaukee  Mechanics*  Insurance  Co.    . 

Monongahela  Insurance  Co.     . 

National  Fire  Insurance  Co.  of  Hartford 

National  Insurance  Co.  of  Pennsylvania 

National  Lumber  Insurance  Co. 

National  Union  Fire  Insurance  Co. 

Netherlands   Fire  Insurance  Co.     . 

Newark  Fire  Insurance  Co.     . 

New  Brunswick  Fire  Insurance  Co. 

New  Hampshire  Fire  Insurance  Co. 

New  York  Underwriters*  Agency    . 

Norfolk  Fire  Insurance  Co.     . 

Northwestern  Nat.  Ins.  Co.  of  Milwaukee,  Wis. 

Old  Colony  Insurance  Co. 

Orient  Insurance  Co 

Pennsylvania  Fire  Insurance  Co.     . 
People's  National  Fire  Insurance  Co.     . 

Phoenix  Insurance  Co 

Providence-Washington  Insurance  Co.  . 
Prussian  National  Insurance  Co.    . 


Queen  City  Fire  Insurance  Co. 


Reliance  Insurance  Co.  of  Philadelphia 

Rhode  Island  Insurance  Co.     . 

Rochester  German  Ins.  Co.  of  Rochester,  N. 

Royal   Exchange  Assurance    . 

St.  Paul  Fire  and  Marine  Insurance  Co. 

Scottish  Union  and  National  Insurance  Co. 


The 


New 


Columbus,  Ga. 

Baltimore,  Md. 

Pittsburgh,  Pa. 

Pittsburgh,  Pa. 

Peoria,  111 

Wheeling,  W.  Va. 

.  Philadelphia,  Pa. 

Glens  Falls,  N.  Y. 

Portsmouth,  N.  H. 

Hartford,  Conn. 

Des  Moines,  la. 

Allegheny,  Pa. 

Denver,  Colo. 

Philadelphia,  Pa. 

.   Chicago,  111. 

Philadelphia,  Pa. 

Philadelphia,  Pa. 

London,  England 

Philadelphia,  Pa. 

Boston,  Mass. 

New  Orleans,  La. 

Philadelphia,  Pa. 

Lansing,  Mich. 

Detroit,  Mich. 

.  Chicago,  111. 

Milwaukee,  Wis. 

Milwaukee,  Wis. 

Pittsburgh,  Pa. 

Hartford,  Conn. 

Allegheny,  Pa. 

Buffalo,  N.  Y. 

Pittsburgh,  Pa. 

Hague,   Holland 

Newark,  N.  J. 

Brunswick,  N.  J. 

Manchester,  N.  H. 

New  York 

.  Norfolk,  Va. 

.   Milwaukee,  Wis. 

Boston,  Mass. 

.     Hartford,  Conn. 

.  Philadelphia,   Pa. 

.   Philadelphia,  Pa. 

.     Hartford,  Conn. 

.  Providence,  R.  I. 

.  Stettin,  Germany 


Sioux  Falls,  South  Dakota 


.   Philadelphia,  Pa. 

.  Providence,  R.  I. 

Y.     .  Rochester,  N.  Y. 

.  London,  England 

St.  Paul,  Minn. 

Edinburgh,  Scotland 


COMPANIES  REPRESENTED  BY  MEMBERS 


37 


Security  Insurance  Co.  of  New  Haven    . 

Shawnee  Insurance  Co 

Southern  National  Insurance  Co.     . 
Sovereign  Fire  Insurance  Co.  . 
Springfield  Fire  and  Marine  Insurance  Co. 
Spring  Garden  Insurance  Co.  . 
Standard  Fire  Ins.  Co.  of  Hartford 
Standard  Fire  Insurance  Co.  of  New  Jersey- 
State  Insurance  Co 

Sun  Insurance  Co 

Svea  Fire  and  Life  Insurance  Co.  . 

Teutonia  Insurance  Co 

Teutonia  Fire  Insurance  Co.  of  Allegheny- 
Union  Insurance  Co.  of  Philadelphia,  Pa. 
Virginia  Fire  and  Marine  Insurance  Co. 
Washington   Fire  Insurance   Co.     . 

Western  Assurance  Co 

Western  Insurance  Co.  of  Pittsburgh,  Pa. 
Western  Reserve  Insurance  Co. 
William  Penn  Fire  Insurance  Co.    . 


City 


New  Haven,  Conn. 

Topeka,  Kan. 

Austin,  Tex. 

.   Toronto,  Canada 

.  Springfield,  Mass. 

.  Philadelphia,  Pa. 

.    Hartford,  Conn. 

Trenton,  N.  J. 

Omaha,  Neb. 

.  New  Orleans,  La. 

Gothenburg,  Sweden 

New  Orleans,  La. 

Allegheny,  Pa. 

Philadelphia,  Pa. 

Richmond,  Va. 

Seattle,  Wash. 

Toronto,  Canada 

Pittsburgh,  Pa. 

Cleveland,  Ohio 

Pottsville,  Pa. 


An  asterisk   (•)  indicates  that  the   Company   does   business   only 
in  that  portion  of  Exchange  territory  which  is  located  in  New  Jersey. 


v^-^ 


V 


Broker's  Pledges 


A  Broker  signing  Pledge  Classes  I  and  II  may  receive  a  First- 
Class  Certificate;  a  Broker  signing  Pledge  Class  I  only  may  receive 
a  Second-Class  Certificate;  in  the  case  of  a  firm  the  individual  signa- 
tures of  its  members  must  follow  that  of  the  firm;  in  the  case  of  a 
member  of  a  firm  partners  must  also  individually  sign. 

CLASS   I. 

In  consideration  of  the  commissions  or  brokerages  at  the  current 
rate  that  may  be  fixed  and  established  for  the  time  being  by,  and  to 
be  paid  by  members  of,  the  New  York  Fire  Insurance  Exchange,  I 
hereby  promise  and  agree  that  I  will  not,  directly  or  indirectly,  make 
any  rebate  to  the  assured  nor,  directly  or  indirectly,  pay  to  or  divide 
with  any  person  not  holding  a  Broker's  Certificate,  any  commission 
or  brokerage,  nor  will  I  receive  from  any  Company  or  Agent, 
directly  or  indirectly,  any  remuneration  for  business  placed  with 
them  in  excess  of  that  permitted  by  the  rules  of  the  Exchange. 


To  be  signed  by  the  principal,  not  employee. 
In  presence  of 


CLASS  II. 

In  consideration  of  the  payment  to  be  made  to  me  of  an  ad- 
ditional five  per  cent  to  the  commissions  or  brokerages  as  provided  "^-u^ 
for  in  Broker's  Pledge,  Class  I,  signed  by  me,  I  hereby  promise 
and  agree  in  addition  to  said  pledge,  that  in  placing  insurance,  I  ""^ 
will  give  the  preference  to  the  members  of  the  New  York  Fire  In- 
surance Exchange,  and  that  I  will  not  place  any  risk  with  those  not 
members  unless  I  cannot  secure  sufficient  insurance  on  such  risks 
from  members  of  the  Exchange,  in  which  case  I  agree  to  file  with 
the  Secretary  of  the  Exchange,  within  one  week  of  so  placing,  a  list 
of  such  outside  Company  or  Companies  in  which  same  has  been 
placed,  with  the  name  of  the  assured,  location  of  risk  and  the 
amount  of  insurance  given  them. 

To  be  signed  by  the  principal,  not  employee,  principal 
having  first  signed  Pledge,  Class  I. 
In  presence  of 


The  Broker's  Pledge  agreeing  to  report  to  the  Exchange  any 
lines  placed  with  outside  Companies  requires  that  policies  covering 
Affidavit  Risks,  so-called,  shall  be  reported  to  this  Exchange. 

Circ.  622,  A.  C.  5-2-04. 


38 


General  Rules  and  Rates 


ALLOWANCE  FOR  AUTOMATIC  FIRE  ALARM. 

On  all  risks  an  allowance  may  be  made  for  an  approved  Auto- 
matic Fire  Alarm  as  follows: 

Rates  1  per  cent  or  less        ...        10  per  cent. 
Rates  over  1  per  cent      ....        10  cents. 

No  allowance  to  specifically  rated  risks  for  Sole  Occupancy, 
Automatic  Fire  Alarm,  or  Automatic  Sprinklers  shall  be  made  at 
the  counter,  but  all  such  allowances  shall  be  computed  in  the  Man- 
ager's office  and  the  resulting  net  rate  promulgated;  it  being  under- 
stood that  listed  storage  stores  are  not  to  be  considered  as  included 
under  this  vote,  so  far  as  may  relate  to  allowance  in  them  of  10 
per  cent  or  ten  cents,  as  the  case  may  be,  for  automatic  fire  alarm, 
and  for  percentage  allowance  for  automatic  sprinklers. 

Circ.  722-4-12-05. 

In  Listed  Storage  Stores  equipped  with  automatic  fire  alarm 
and  (or)  automatic  sprinklers,  allowance  as  above  may  be  made 
from  the  rate  for  merchandise  arrived  at  by  adding  Alphabetical 
List  charge  to  the  base  rate  for  merchandise  named  on  card.  Al- 
lowance as  above  may  also  be  made  in  rate  for  building  as  given 
on  card.    Warranty  required  on  building  policies  only. 

No  permit  shall  be  granted  for  an  inoperative  condition  of  an 

automatic  sprinkler  or  automatic  alarm  equipment  for  any  cause 
without  advancing  the  rate  by  the  pro  rata  of  the  original  allowance 
for  the  unexpired  term.  No  allowance  may  be  made  for  automatic 
sprinklers  or  alarm  for  a  stipulation  for  an  intended  installation  at 
a  later  date,  but  the  charge  must  be  made  for  the  full  term  under 
the  conditions  existing  at  the  date  of  the  policy.  No  allowance  shall 
be  made  for  any  such  installation  until  certificate  and  notification 
are  regularly  issued.  2-6-96. 

For  Automatic  Fire  Alarm  Clause  see  page  88. 

ALLOWANCE  FOR  AUTOMATIC  SPRINKLERS. 

In  entire  Metropolitan  District  no  allowance  shall  be  made  for 
an  approved  Automatic  Sprinkler  System,  imless  a  warranty  is 
placed  on  policies  providing  that  a  watchman  shall  be  maintained 
nights,  Sundays  and  holidays,  or  when  the  premises  are  not  in 
operation  or  use;  or  that  the  sprinkler  system  be  connected  electri- 
cally by  a  suitable  device  with  the  Central  Office  of  an  automatic 
fire  alarm  system,  so  arranged  that  it  will  give  immediate  notice 
in  case  the  water  flows  in  the  pipe  system.     (See  clause,  page  88.) 

39 


GENERAL  RULES  AND  RATES  40 

No  permit  shall  be  granted  for  an  inoperative  condition  of  an 
automatic  sprinkler  or  automatic  alarm  equipment  for  any  cause 
without  advancing  the  rate  by  the  pro  rata  of  the  original  allowance 
for  the  unexpired  term.  No  allowance  may  be  made  for  automatic 
sprinklers  or  alarm  for  a  stipulation  for  an  intended  installation 
at  a  later  date,  but  the  charge  must  be  made  for  the  full  term 
under  the  conditions  existing  at  the  date  of  the  policy.  No  allow- 
ance shall  be  made  for  any  such  installation  until  certificate  and 
notification  are  regularly  issued.  2-6-96. 

Not  exceeding  five  (5)  per  cent  commission  shall  be  paid  on 
risks  rated  under  the  "Restricted  Schedule."  Circ.  742-6-22-05. 

AUTOMATIC   SPRINKLER   EQUIPMENTS   ON 

SEPARATE   FLOORS. 

An  equitable  recognition  shall  be  made  of  sprinkler  equipments 
on  separate  floors  of  fireproof  buildings  occupied  for  mercantile 
purposes  where  the  entire  building  is  not  equipped,  based  upon 
such  percentage  of  the  regular  sprinkler  allowance  as  the  floor  area 
^  so  equipped  bears  to  the  total  floor  area  of  the  entire  building,  it 
being  understood  that  no  allowance  shall  be  made  for  equipments 
covering  less  than  an  entire  floor  of  a  building,  and  that  the  per- 
centage deduction  to  be  allowed  shall  be  only  on  contents  of  the 
floor  or  floors  directly  protected  by  such  equipment. 

Circ.  164-9-12-00. 

APARTMENT  HOUSES. 

The  Manager  is  required  to  rate  specifically  all  apartment  houses 
of  over  2,500  square  feet  in  ground  area  which  are  over  five  stories 
in  height,  and  also  all  apartment  houses  of  over  4,000  square  feet 
area,  no  matter  what  their  height,  and  members,  when  binding  lines 
or  issuing  policies  on  completed  risks  of  this  class,  must  apply  to 
the  Manager  for  specific  rates  on  such  as  come  within  these  limita- 
tions. Circ.  768-10-11-05. 

Buildings  occupied  as  stores  on  the  first  floor  with  exclusively 
dwellings  above,  the  latter  being  rented  to  tenants  whose  house- 
keeping is  conducted  in  their  own  apartments  (see  next  paragraph), 
are  apartment  houses  and,  as  such,  come  under  the  rule  making 
them  subject  to  specific  rate  if  certain  limits  of  height  and  area 
are  exceeded.  Circ.  780,  M.  12-14-05. 

For  the  guidance  of  members  an  "Apartment  House"  is  defined 
as  follows,  viz.:  a  building  in  which  apartments  are  rented  to  ten- 
ants whose  housekeeping  is  conducted  in  their  own  apartments 
respectively.  Circ.  40,  A.  C.  6-2-99. 

The  Unoccupancy  Warranty  is  not  required  on  policies  covering 
/  Apartment  Houses  in  course  of  construction  that  are  not  subject  to 
specific  rating,  but  policies  covering  on  Apartment  Houses  which 
come  under  the  ruling  of  the  Exchange  as  to  area  and  height  must 
have  the  Unoccupancy  Warranty  attached,  except  as  stated  on 
page  49.  Circ.  140,  R.  C.  6-1-00. 


/ 


GENERAL  RULES  AND  RATES         41 

Apartment  houses  and  stores  and  dwellings  which  are  or  may  be 
hereafter  specifically  rated  may  be  written  at  Branch  Offices,  and 
the  commission  payable  on  such  risks  under  the  Agreement  is  20  or 
25  per  cent,  as  provided  by  Section  17  (a)  of  Agreement. 

Circ.  22,  A.  C.  4-28-99. 

BASEMENTS  SPRINKLED. 

Where  basements  and  sub-basements  are  fully  protected  with  an 
approved  system  of  automatic  sprinklers,  the  Rate  Committee  may 
make  an  allowance  therefor  of  not  exceeding  10  per  cent.  This 
discount  shall  not  be  made  in  addition  to  the  discount  for  fully 
sprinkled  risks.  Circ.  438-12-10-02. 


/ 


BINDING  RISKS. 


Policies  must  be  issued  immediately  as  soon  as  a  risk  is  bound 
at  the  proper  rate  then  existing  and  not  held  open  for  an  anticipated 
change  in  the  rate,  subject  to  rules  regarding  Changes  of  Occu- 
pancy, Construction  or  Hazard,  on  pages  54-56. 

No  insurance  shall  be  made  binding,  whether  by  verbal  agree- 
ment, binder,  renewal  receipt,  new  policy,  certificate,  or  otherwise, 
to  take  effect  beyond  the  calendar  month  succeeding  date  of  appli- 
cation, unless  the  insurance  so  arranged  for  in  advance  shall  be 
taken  subject  to  the  tariff  rate  in  force  at  the  time  such  insurance 
is  to  take  effect.  Circ.  195-12-18-00. 

The  Exchange  Form  of  Binder  is  not  required  to  be  used  be- 
tween Companies  when  re-insuring  risks  one  with  another. 

Circ.  412-10-9-02. 

The  Exchange  Form  of  Binder  is  meant  to  be  used  in  all  cases 
where  a  binder  is  required,  except  as  between  members  when  effect- 
ing re-insurance  of  individual  risks.  Circ.  415  M.  10-13-02. 

A  so-called  Notice  of  Renewal  becomes,  if  signed  and  returned 
to  the  broker,  a  binder,  and  thereby  a  violation  of  the  Agreement 
which  requires  all  binders  to  be  effected  under  the  uniform  water- 
marked binder  adopted  and  issued  by  the  Exchange. 

Circ.  1127  M.  12-17-09. 

It  is  a  violation  of  the  Agreement  for  members  to  give  brokers 
authority  to  bind  insurance  over  night.        Circ.  756,  A.  C.  8-17-05. 

A  Binder  Form  may  cover  but  one  term  of  insurance  and  such 
term  may  run  from  one  date  only;  and  it  is  a  violation  to  enter  a 
second  date  intended  to  take  effect  at  the  expiration  of  fifteen  (15) 
days  from  the  first  or  original  date,  or  to  subsequently  grant  an 
extension  by  entry  on  the  original  binder.    Circ.  708,  A.  C.  3-8-05. 

When  binders  are  issued  on  rated  risks  such  binders  must  be  at 
the  rates  in  cabinets,  and  the  issuance  of  such  binders  at  less  than 
tariff  rate  will  be  regarded  as  a  violation  and  dealt  with  accordingly. 

Circ.  140,  A.  C.  6-1-00. 


GENERAL   RULES  AND   RATES  42 


BLANKET  POLICIES. 

Policies  covering  on  and  (or)  in  two  or  more  buildings  not  com- 
municating must  have  the  100  per  cent  Average  Clause  attached, 
without  deduction  for  the  same. 

Blanket  policies  may  be  written  covering  in  two  or  more  com- 
municating buildings  having  approved  fire  doors  at  all  communi- 
cating openings,  at  the  highest  rate,  with  the  80  per  cent  Average 
Clause  and  the  Standard  Distribution  Clause,  and  10  per  cent  allow- 
ance may  be  made  for  100  per  cent  Average  Clause  in  such  cases. 

In  case  of  doubt  arising  as  to  whether  or  not  the  Distribution 
Clause  is  required  on  blanket  policies  covering  in  two  or  more 
buildings  having  communications  protected  by  approved  or  non- 
approved  fire  doors,  the  question  shall  be  referred  to  the  Manager's 
office,  which  will  thereupon  reprint  the  rate  cards  applying  with  the 
statement  that  the  Distribution  Clause  is  required,  if  such  is  the 
case.  Circ.  1048,  R.  C.  1-22-09. 

Policies  insuring  contents  of  building  or  buildings,  i.  e.,  ma- 
chinery and  stock,  under  one  item,  must  have  the  100  per  cent 
Average  Clause  attached  and  the  usual  10  per  cent  deduction  may 
be  made  therefor,  provided  the  blanket  policy  covers  in  one  building 
only,  but  if  in  two  or  more  buildings  not  communicating  no  de- 
duction may  be  made. 

Where  a  policy  form,  in  addition  to  covering  in  one  or  com- 
municating buildings,  also  includes  a  clause  reading  "and  in  yards" 
or  "and  in  yards  or  on  streets,"  or  any  similar  clause  which  extends 
the  policy  to  cover  other  than  in  one  or  communicating  buildings, 
the  Full  Average  Clause  must  be  attached  thereto  without  deduction 
for  same.     (See  next  paragraph.)  Circ.  1119,  A.  C.  11-1-09. 

The  above  ruling  has  been  modified  so  as  to  permit  either  of 
the  following  clauses  to  be  used:  "and  in  yards  immediately  ad- 
joining the  above  described  premises"  or  "and  in  yards  and  on 
streets  immediately  adjoining  the  above  described  premises." 

Circ.  1129,  A.  C.  1-3-10. 

(See  ruling,  under  Communicating  Buildings,  page  57,  on  the 
subject  of  non-approved  doors.) 

The  usual  allowance  may  be  made  for  100  per  cent  Average 
Clause  on  policies  covering  blanket  on  building,  machinery  and 
stock,  providing  the  blanket  policy  covers  in  one  building  only,  but 
if  in  two  or  more  buildings  not  communicating  no  deduction  may 
be  made.  Circ.  121,  R.  C.  2-21-00. 

The  rules  covering  attachment  of  the  Standard  Distribution 
Clause  apply  when  policies  are  written  under  an  average  rate  the 
same  as  if  written  under  a  blanket  rate.      Circ.  244,  R.  C.  7-20-01. 

When  a  policy  blankets  merchandise  and  furniture  and  fixtures 
the  100  per  cent  Average  Clause  is  required  and  the  usual  allowance 
of  10  per  cent  may  be  made  therefor.  Circ.  356,  R.  C.  4-15-02. 


GENERAL  RULES  AND  RATES  43 

The  ruling  reading,  "When  a  policy  blankets  merchandise  and 
furniture  and  fixtures  the  100  per  cent  Average  Clause  is  required 
and  the  usual  allowance  of  10  per  cent  may  be  made  therefor,"  is 
not  intended  to  apply  where  policies  cover  ales,  wines,  liquors, 
cigars,  and  similar  supplies  along  with  the  other  contents  of  hotels, 
clubs,  and  (or)  restaurants.  In  such  cases,  however,  such  supplies 
must  not  be  referred  to  as  "merchandise."    Circ.  625,  R.  C.  5-12-04. 

A  policy  covering  merchandise  in  or  on  the  piers  of  any  specified 
terminal  may  include  merchandise  in  cars  on  tracks  of  that  terminal 
and  be  considered  not  as  a  floater,  but  as  a  blanket  policy,  and  may 
be  written  at  the  rate  of  the  contents  of  the  pier  or  shed  of  that 
terminal  having  the  highest  contents  rate.  Such  policies  must  have 
the  100  per  cent  Average  Clause  with  no  deduction  therefor. 

Members  are  also  reminded  that  in  case  of  blanket  policies  on 
buildings  or  their  contents,  not  communicating  as  well  as  com- 
municating, the  highest  rate  included  under  the  blanket  must  be 
charged. 

Members  may  not  under  any  circumstances  make  average  rates 
for  blanket  policies  covering  two  or  more  risks.  In  all  cases  the 
rule  must  be  observed  that  the  highest  rate  must  be  charged. 
Average  rates  for  blanket  policies  may  be  made  only  by  the  Man- 
ager, acting  under  the  rules,  and  no  average  rate  may  be  allowed 
until  regularly  published  on  the  card.  7-10-96. 

If  a  blanket  policy  covers  on  any  property  rated  under  Restricted 
Schedule  the  entire  policy  becomes  subject  to  the  rate  of  commis- 
sion applying  to  a  Restricted  Schedule  policy. 

Circ.  904,  R.  C.  6-29-07. 

Blanket  rates  upon  risks  rated  under  Restricted  Schedule  being 
based  upon  values  existing  at  the  time  they  are  made,  policies 
written  at  such  rates  may  not  be  written  for  a  longer  period  than 
one  year,  except  at  full  pro  rata  of  the  annual  rate. 

Circ.  912,  R.  C.  7-26-07. 


BRANCH  MANAGERS. 

The  conditions  under  which  Branch  Managers  may  be  appointed 
as  to  territory,  compensation,  classes  of  risks  permitted  to  be  writ- 
ten, etc.,  are  fully  set  forth  in  Section  18  of  Agreement,  and  in 
connection  therewith  the  following  rulings   have  been  made. 

The  words  in  Agreement,  Section  18  (f),  "shall  write  no  risks 
except  in  the  Boroughs  of  Manhattan  and  the  Bronx,"  prohibit  the 
issuance  from  the  office  of  any  Branch  Manager  of  any  policy  which 
may  have  been  previously  executed  in  blank  at  the  Head  Office,  and 
a  strict  compliance  with  the  letter  and  spirit  of  this  rule  requires 
that  no  such  policies  shall  be  executed  at  the  Head  Office  except 
in  their  entirety.  Circ.  90,  A.  C.  10-24-99. 


GENERAL  RULES  AND  RATES  44 

Branch  Office  Commissions  must  not  be  paid  or  allowed  on  a 
specifically  rated  store  and  dwelling  risk,  unless  the  rate  card  ap- 
plying to  such   risk  contains  the  notation,  "Branch   Office   risk.** 

Circ.  947,  M.  1-27-08. 

When  in  consequence  of  deviation  or  violation  any  Member 
has  been  directed  by  the  Arbitration  Committee  or  by  the  Ex- 
change to  cancel  a  policy  written  through  a  Branch  Manager  or 
Agency  representing  such  Member,  and  to  remain  off  the  risk 
for  one  year,  the  risk  in  question  shall  not  be  written  by  or  through 
any  other  Member  represented  by  such  Branch  Manager  or  Agent 
during  the  stated  term  of  one  year.  Circ.  455,  A.  C.  1-21-03. 

A  person  may  act  as  Head  Office  Agent  in  the  Borough  of 
Brooklyn  for  one  member  and,  at  the  same  time,  as  Branch  Office 
Manager  in  the  Borough  of  Brooklyn  for  another  member  in  the 
territory  assigned  to  Branch  Offices  in  the  Borough  of  Brooklyn. 

Circ.  1034,  A.  C.  12-16-08. 

It  is  not  in  violation  of  the  rules  of  the  Exchange  for  two  or 
more  members  to  maintain  jointly  such  Branch  Offices  as  are  per- 
mitted by  the  rules  of  the  Exchange.  Circ.  8,  A.  C.  3-21-99. 

It  is  a  violation  for  a  Branch  Manager  and  a  broker  to  have 
their  business  address  in,  or  to  transact  business  from,  the  same 
office,  or  in   or  from  offices  adjoining  and   communicating. 

Circ.    705,    A.     C.    2-24-05. 

Apartment  houses  and  stores  and  dwellings  which  are  or  may 
be  hereafter  specifically  rated  may  be  written  at  Branch  Offices, 
and  the  commission  payable  on  such  risks  under  the  Agreement  is 
20  or  25  per  cent,  as  provided  by  Section  17   (a)   of  Agreement. 

Circ.  22,  A.  C.  4-28-99. 

For  the  guidance  of  members  an  "Apartment  House*'  is  defined 
as  follows,  viz:  a  building  in  which  apartments  are  rented  to  tenants 
whose  housekeeping  is  conducted  in  their  own  apartments  respec- 
tively. Circ.  40,  A.  C.  6-2-99. 

Private  stables  and  their  contents  which  may  be  written  by 
managers  of  Branch  Offices  include  private  family  stables;  also 
private  business  stables,  provided  same  be  owned  or  occupied  by 
parties  who  are  engaged  in  such  a  class  of  business  as  may  be 
written  at  Branch  Offices.  Circ.  40,  A.  C.  6-2-99. 

The  above  rule  is  to  be  understood  as  applying  also  to  private 
family  garages  and  private  business  garages  (for  definitions  of 
which  see  page  124).  Its  benefits  do  not  apply  if  the  tenant  of  a 
private  business  stable  or  garage  is  engaged  in  a  class  of  business 
that  may  not  be  written  at  a  Branch  Office. 

Circ.  919,  M.  9-17-OZ. 

A  Branch  Office  located  on  42d  Street  must  be  considered,  ac- 
cording to  paragraph  (e).  Section  18  of  Agreement,  as  being  for 
the  territory  south  of  42d  Street.  Circ.  268,  A.  C.  9-14-01. 


GENERAL  RULES  AND  RATES  45 


Branch  .Managers  located  in  the  Borough  of  the  Bronx  are 
restricted  to  the  writing  of  risks  located  within  so  much  of  that 
territory  as  is  under  the  jurisdiction  of  this  Exchange;  that  is  to 
say,  west  of  the  Bronx  River.  Circ.  263,  A.  C.  9-7-01. 

Branch   Offices  must  provide  proper  cabinets  for  reception  of 

cards  containing  List  of  Brokers,  which  must  be  accessible  to  the 

card  distributers  during  business  hours,  and  failure  to  provide  such 

cabinets  and  maintain  such  accessibility  will  be  ground  for  requir- 

.  ing  a   Branch   Office   to   be   discontinued.  Circ.   402-9-10-02. 

BROKERAGE  AND  COMMISSION. 

The  rules  of  this  Exchange  as  to  brokerage  and  commission 
apply  to  Tornado  Insurance  as  well  as  Fire  Insurance. 

Circ.  114,  A.  C.  2-1-00. 

The  payment  of  any  brokerage  or  other  compensation  in  excess 
of  the  brokerage  allowed  by  the  rules  of  the  Exchange  to  any 
person  holding  a  certificate  as  a  broker,  on  any  risk  located 
outside  the  territory  of  the  Exchange,  for  the  purpose  of  influencing 
business  located  in  the  territory  of  the  Exchange,  whether  by 
agreement  or  otherwise,  is  a  violation  of  the  rules  of  this  Exchange 
as  to  brokerage  and  a  proper  subject  of  inquiry. 

Circ.  13,  A.  C  4-7-99. 

The  brokerage  of  20  per  cent  and  25  per  cent  respectively  may 
be  paid  only  on  such  risks  as  are  permitted,  under  the  Agreement, 
to  be  written  at  Branch  Offices.  Circ.  12,  A.  C.  4-7-99. 

The  offer  of  brokerage  or  division  of  brokerage,  whether  given 
or  not,  to  or  with  any  person,  firm  or  corporation  not  holding  a 
Broker's  Certificate  of  this  Exchange,  and  (or)  the  offer  of  rebate, 
whether  given  or  not,  or  offer  of  reduction  of  rate  below  tariff, 
unless  such  reduction  is  in  accordance  with  the  rules  of  the  Ex- 
change, and  the  reason  for  such  reduction  or  rebate  explained  to 
the  insured,  will  be  considered  as  a  violation  of  the  Broker's  Pledges 
and   treated   accordingly.  Circ.   790-1-10-06. 

If  sufficient  insurance  cannot  be  procured  in  Exchange  com- 
panies at  tariff  rates,  it  is  a  violation  of  Broker's  Pledge  to  place 
insurance  with  non-members  without  filing  with  the  Exchange, 
within   one   week,   a   memorandum   to   that   effect. 

Circ.  25,  A.  C.  5-4-99. 

The  making  of  rebates  on  plate  glass,  casualty,  employers'  lia- 
bility, sprinkler  leakage,  and  similar  policies,  as  an  inducement  to 
secure  the  fire  insurance  business  of  the  party  to  whom  such 
rebates  are  made,  is  a  violation  of  the  Broker's  Pledge,  and  will  be 
treated  accordingly.  Circ.  39,  A.   C.  6-1-99. 

Not  more  than  15  per  cent  commission  may  be  paid  under 
insurances  covering  buildings  and  their  contents  which  are  occu- 
pied for  mercantile  purposes  on  the  first  and  second  floors  and  for 
dwellings  above.  Circ.  39,  A.  C.  6-1-99. 


GENERAL  RULES  AND  RATES  46 

Only  15  per  cent  commission  may  be  paid  under  a  policy 
covering  household  furniture  in  an  Apartment  Hotel,  as  it  comes 
under  the   designation   of   Hotel.  Circ.   40,  A.   C.  6-2-99. 

It  is  a  violation  to  allow  in  excess  of  15  per  cent  commission 
on  policy  covering  Household  Furniture  contained  in  specifically 
rated  storage  buildings.  Circ.  69,  M.  8-21-99. 

Any  violation  of  the  Rules  or  the  Agreement  committed  by  an 
employee  of  a  Broker  will  be  construed  as  an  act  of  the 
employer.  Circ.  137-5-9-00. 

Brokerage  may  not  be  paid  on  any  portion  of  a  combined  policy 

(meaning  thereby  a  policy  covering  on  property  located  in  the 
territory  of  both  the  New  York  Fire  Insurance  Exchange  and  the 
Suburban  Fire  Insurance  Exchange),  unless  the  broker  placing 
same  holds  a  brokerage  certificate  of  both  Exchanges;  and  then  a 
brokerage  in  excess  of  ten  per  cent  (10%)  may  not  be  paid  upon 
that  portion  applying  in  the  territory  of  the  Suburban  Fire  Insur- 
ance  Exchange.  Circ.   991-7-9-08. 

It  is  a  violation  for  a  broker  to  place  business  covering  a  risk 
located  within  Exchange  territory  with  a  non-Exchange  company 
or  companies  unless  it  has  first  been  offered  to  all  Exchange  mem- 
bers at  proper  card  rates,  and  under  a  correct  form  as  to  Exchange 
rules  and  requirements.  Circ.  1103,  A.  C.  8-21-09. 

When  insurance  has  been  effected  for  proper  reasons  in  non- 
Exchange  companies  and  such  insurance  has  been  promulgated,  and 
subsequently  the  insured  moves  to  another  location  and  such  non- 
Exchange  insurance  is  transferred  to  cover  in  the  new  location,  it 
is  not  necessary  to  promulgate  such  transferred  insurance,  it  being 
understood  that  at  expiration  such  insurance  shall  be  offered  to 
Exchange  companies  before  being  again  offered  to  non-Exchange 
companies.  Circ.  58,  A.  C.  7-25-99. 

Section  21  (a)  prohibits  the  payment  of  any  brokerage  in  excess 
of  ten  per  cent  on  any  risk  written  in  the  territory  of  the  Ex- 
change and  located  outside  of  the  territory  included  in  the  Agree- 
ment, except  only  where  a  local  board,  having  jurisdiction  of 
the  territory  in  which  the  risk  is  located,  has  a  specific  rule  allowing 
more  than  ten  per  cent,  in  which  case  such  higher  brokerage  may 
be  allowed;  and  in  case  there  is  no  local  board,  or  in  case  a  local 
board  exists  but  has  no  specific  rule  on  brokerages,  the  brokerage 
allowed  on  such  risks  shall  in  no  case  exceed  ten  per  cent. 

Circ.  52,  A.  C.  7-12-99. 

The  provisions  of  Section  21  (a)  do  not  apply  to  Floater  Forms 
5,  6,  7  and  8,  because  when  those  forms  were  adopted  Staten  Island 
was  within  the  territory  of  the  Tariff  Association. 

Circ.  543,  A.  C.  9-17-03. 

The  rules  of  the  Exchange  do  not  affect  the  commission  paid  by 
one  company  to  another,  both  being  members  of  the  Exchange,  for 
the  reinsurance  of  risks  located  outside  of  the  jurisdiction  of  this 
Exchange.  Circ.  72,  A.  C.  8-30-99. 


GENERAL  RULES  AND  RATES  47 


The  allowance  of  a  rebate  under  a  policy  covering  property 
wherever  located,  if  written  at  any  office  or  agency  of  a  member  in 
the  territory  under  the  jurisdiction  of  the  New  York  Fire  Insurance 
Exchange,  would  be  a  violation  of  the  Broker's  Pledge  and  of  the 
rules  of  the  Exchange;  and  if  written  by  the  local  agent  of  the 
member  in  the  town  or  city  where  the  risk  is  located  and  the  local 
board  of  such  city  or  town  prohibits  rebates,  then  the  member  can- 
not pay  a  broker  any  commission  or  brokerage  unless  he  agrees  not 
to  rebate  any  portion  thereof  to  the  assured.  The  allowance  of  such 
a  rebate  under  a  policy  written  at  any  office  or  Agency,  wherever 
located,  for  the  purpose  of  securing  an  insurance  or  insurances  on 
property  situate  in  the  territory  under  the  jurisdiction  of  the  Ex- 
change would  be  a  violation  of  the  Broker's  Pledge  and  rules  of  the 
Exchange,  and  in  either  case  would  be  subject  to  the  penalties 
provided.  Circ.  109-1-10-00. 

The  Broker's  Pledge,  wherein  it  is  promised  and  agreed  that  no 
commission  or  brokerage  will  be  paid  to  or  divided  with  any  per- 
sons not  holding  a  Broker's  Certificate,  does  not  apply  to  any  in- 
surance on  risks  located  outside  of  the  jurisdiction  of  this  Exchange, 
provided  the  restrictions  named  in  Section  21  of  the  Agreement  are 
observed.  Circ.  465,  A.  C.  2-16-03. 

The  allowance  by  a  member  of  cammission  or  brokerage  to  any 
clerk  or  employee  of  such  member  who  does  not  hold  a  Broker's 
Certificate  will  be  regarded  as  a  violation.   Circ.  170,  A.  C.  10-12-00. 

Members  must  not  pay  brokerage  to  any  certified  broker  on 
business  placed  prior  to  the  date  of  such  broker's  application  for  his 
Certificate.  Circ.  178-11-20-00. 

The  payment  to  a  non-certified  broker  of  brokerage  or  commis- 
sion on  additional  premiums  upon  policies  placed  by  such  broker 
while  holding  a  Certificate  from  this  Exchange  is  a  violation. 

Circ.  156,  A.  C.  8^1-00. 

A  commission  not  exceeding  15  per  cent  may  be  allowed  upon  a 
floater  covering  property  located  only  in  dwellings  and  in  buildings 
occupied  for  stores  on  the  first  floor  and  exclusively  dwellings 
above.  Circ.  281,  A.  C.  10-23-01. 

If  Theatrical  Floaters  or  Floaters  covering  on  Personal  Effects 
wherever  they  may  be  in  the  United  States  are  written  at  an  office 
within  the  jurisdiction  of  this  Exchange,  a  rebate  on  such  policies 
will  be  a  violation.  Circ.  281,  A.  C.  10-23-01. 

An  allowance  of  brokerage  in  excess  of  ten  per  cent  on  floating 
policies  covering  outside  the  territory  of  this  Exchange,  whether 
such  policies  also  cover  within  such  territory  or  not,  is  a  violation. 

Circ.  396-8-13-02. 

Certified  Brokers  under  their  pledges  to  this  Exchange  are  not 
permitted  to  receive  greater  remuneration  for  business  placed  with 
non-Exchange  companies  after  first  having  offered  same  to  all  Ex- 
change companies  than  is  permitted  to  be  paid  them  by  members 
of  the  Exchange.  Circ.  218,  A.  C.  3-23-01. 


GENERAL  RULES  AND  RATES  48 


When  the  Arbitration  or  Grievance  Committee  has  ordered  a 
policy  or  policies  to  be  cancelled  in  consequence  of  having  ad- 
judged a  member  of  the  Exchange,  or  an  Agent  who  is  not  a  mem- 
ber but  who  holds  a  Broker's  Certificate,  guilty  of  an  infraction  of 
the  rules  of  the  Exchange,  then  such  member  or  Agent  shall  not 
be  allowed  to  receive  any  commission  or  brokerage  for  the  placing 
of  such  risk  during  the  term  for  which  the  member  is  himself  or- 
dered to  keep  off  of  such  risk,  and  in  addition,  if  the  gravity  of  the 
offense  warrant  it,  the  facts  connected  with  the  case  shall  be  at 
once  communicated  to  the  Brokerage  Committee,  that  they  may 
revoke  the  right  of  such  member  or  Agent  to  receive  any  commis- 
sion or  brokerage  on  any  business  for  such  time  as  they  may  deem 
fit.  Circ.  304-12-11-01. 

Certified  Brokers  may  not  act  as  Agents  for  non-Exchange  Com- 
panies. Circ.  325,  A.  C.  2-10-02. 

The  allowance  of  a  discount  for  cash  payment  of  premiums  will 
be  regarded  as  a  rebate  and  violation  and  dealt  with  accordingly. 

Circ.  193,  B.  C.  12-17-00. 

The  giving  of  envelopes,  bill  heads,  letter  heads,  or  other  articles 
of  stationery,  or  gifts  of  any  description  whatsoever,  to  brokers  or 
brokers'  employees,  directly  or  indirectly,  will  be  regarded  as  a  re- 
bate and  in  violation  of  the  rules  and  treated  accordingly. 

Circ.  192,  A.  C.  12-12-00. 

The  ruling  prohibiting  the  making  of  gifts  of  any  description 
to  brokers  is  modified  to  exempt  Calendars  and  Blotters  from  the 
operation  of  such  ruling,  providing  that  such  Calendars  and  Blotters 
do  not  contain  any  matter  advertising  the  broker. 

Circ.  197,  A.  C.  12-26-00. 

A  broker  may  place  insurance  with  non-Exchange  companies 
at  the  request  of  the  insured,  provided  he  does  not  receive  any 
brokerage  or  commission  or  any  compensation  whatsoever  therefor, 
and  provided  further  that  he  shall  file  with  the  Exchange  within  the 
time  allowed  under  his  Pledge  a  list  of  such  outside  companies, 
with  the  name  of  insured,  location  of  risk,  and  the  amount  of  insur- 
ance given  them,  together  with  a  statement  that  such  insurance  has 
been  placed  in  an  outside  company  at  request  of  the  insured,  and 
that  he  (the  broker)  has  received  and  is  to  receive  no  brokerage  or 
commission  or  any  compensation  whatsoever  therefor. 

Circ.  154,  A.  C.  7-25-00. 

If  a  policy  is  issued  covering  store  and  dwelling  risk  with  war- 
ranty attached,  and  subsequently  a  request  is  made  to  remove  the 
Store  and  Dwelling  Warranty  for  the  reason  that  merchandise  is 
then  contained  above  first  floor,  the  company  must  cancel  the  policy 
pro  rata  and  re-write  to  expiration,  and  commission  upon  such  re- 
written policy  shall  not  exceed  that  which  under  the  rules  is  per- 
mitted to  be  paid  on  risks  other  than  those  which  may  be  written 
by  Branch  Managers,  viz.:  15  per  cent.       Circ.  341,  A.  C.  3-12-02. 


GENERAL  RULES  AND  RATES  49 


/ 


/ 


From  and  after  twelve  o'clock  noon  of  May  28,  1902,  if  any  auto- 
matic sprinkler,  automatic  fire  alarm,  or  any  other  fire  extinguishing, 
fire  signaling,  or  any  other  appliance  or  improvement  whatever,  in- 
stalled in  or  appertaining  to  any  risk,  be  owned  or  installed  at  the 
whole  or  partial,  direct  or  indirect,  expense  of  any  person,  firm  or 
corporation  holding  a  Broker's  Certificate  from  this  Exchange,  it 
shall  be  deemed  a  rebate  and  a  violation  of  the  Broker's  Pledge. 

Circ.  372-5-28-02. 

When  a  Broker  fails  to  renew)  his  Certificate  in  season,  thereby 
causing  his  name  to  be  withdrawn  from  the  list,  and  subsequently 
within  six  months  asks  for  a  renewal,  such  renewal  shall  not  be 
granted  unless,  in  addition  to  the  regular  charge  for  a  Certificate, 
the  sum  of  $3.00  is  paid  to  cover  cost  of  withdrawing  and  re-instat- 
ing such  Broker's  name.  Circ.  355-4-9-02. 

BUILDINGS  IN  COURSE  OF  CONSTRUCTION. 

Annual  rates  as  follows  shall  apply  continuously  until  building 
is  occupied  and  rated: — 

Fireproof  buildings  in  course  of  construction     .         .30 

Policies  which  cover  all  of  the  work,  or  which 
cover  all  of  the  work  except  foundations,  or 
which  cover  only  foundations,  masonry  or  struc- 
tural metal  work,  may  be  written  at  the  above 
rate. 

Policies  which  cover  other  than  as  stated  in 

the  previous  paragraph 50 

Brick  buildings  in  course  of  construction    .         .         .50 

Contractors  for  a  portion  of  the  work  only  .  .75 
Frame  buildings  in  course  of  construction  .  .70 
Piers  in  course  of  construction     ....       1.00 

Contractors'  or  builders'  tools,  implements, 
etc.,  while  in  tool  house  or  in  front  of,  or  ad- 
joining or  within  the  building  in  course  of  con- 
struction     1.00 

Buildings  in  course  of  construction,  without  regard  to  ultimate 
use  or  occupancy,  must  be  written  at  the  minimum  rate  charged 
for  buildings  in  course  of  construction,  unless  specifically  rated. 
Such  risks  may  only  be  written  at  the  head  office  of  a  member, 
and  only  for  a  term  not  to  exceed  one  year  (except  as  stated  below), 
and  the  Unoccupancy  Warranty  is  required.  Exception  in  regard 
to  the  Unoccupancy  Warranty  may  be  made  on  buildings  Branch 
Offices  are  allowed  to  write  when  completed,  the  intended  occu- 
pation thereof  to  be  expressed  in  the  policy,  as  follows: 

"On building  while  in  course  of  construction  or 

while  occupied  for (here  insert  occupancy,  which 

must  be  of  a  class  Branch  Managers  are  permitted  to  write)." 

When  written  under  this  form  the  Unoccupancy  Warranty  need 
not  be  attached  to  policy. 


/ 


GENERAL  RULES  AND  RATES  50 

Note  carefully  the  following  as  well  as  the  foregoing  require- 
ments for  policies  in  or  on  buildings  in  course  of  construction, 
whether  rated  specifically  or  under  general  minimums. 

1.  Unoccupancy  Warranty  required. 

2.  Policies  covering  contents  must  not  be  written  for  more 
than  one  year. 

3.  Privilege  for  occupancy  must  be  granted  only  subject  to 
specific  rate  and  with  application  for  same, 

Unoccupancy  Warranty:  Warranted  by  the  assured  that  the 
building  hereby  insured  is  unoccupied,  and  that  when  occupied  in 
whole  or  in  part,  this  Company  is  to  be  notified  and  rate  adjusted; 
unless  so  notified  and  endorsed  hereon  this  policy  shall  be  void. 

Policies  covering  Buildings  in  Course  of  Construction  may  be 
written  for  a  longer  term  than  one  year,  but  not  exceeding  a  total 
of  23  months,  at  pro  rata  of  the  annual  rate  applying,  all  other  re- 
quirements of  the  rules  relating  to  Buildings  in  Course  of  Con- 
struction remaining  unchanged.  Circ.  739-6-14-05. 

Policies  written  for  a  term  of  years  on  a  building  in  course  of 
construction  "with  privilege  to  complete"  are  a  violation  of  the  rule 
limiting  Builders'  Risks  to  one  year. 

Public  School  Buildings  or  additions  to  old  public  school  build- 
ings in  the  City  of  New  York,  being  required  by  law  to  be  fire- 
proof, may  be  written  while  in  course  of  construction  at  30  cents. 

4-8-97. 

If  public  schoolhouses  (fireproof)  in  course  of  construction  are 
written  strictly  under  the  form  set  forth  on  page  49,  the  Unoccu- 
pancy Warranty  need  not  be  attached  and  the  rate  will  properly 
be  30  cents;  but  if  written  under  any  other  form  without  the  Unoc- 
cupancy Warranty  the  rate  must  be  that  required  by  ruling  of 
April  30,  1902   (page  50),  viz:  40  cents.  Circ.  514,  M.  T-l-O: 


)3. 


When  a  specifically  rated  risk  is  torn  down  or  otherwise  re- 
moved to  make  way  for  a  new  building,  a  specific  course  of  con- 
struction rate  for  the  latter  must  be  applied  for,  and  insurance  may 
only  be  written  subject  to  such  specific  rate.   Circ.  869,  R.  C.  12-14-06. 

Policies  covering  buildings  in  course  of  construction  may  not 
include  hoisting  engines,  machinery,  tools,  implements,  apparatus, 
etc.,  along  with  the  building  and  materials  entering  into  its  con- 
struction without  rendering  the  entire  item  subject  to  the  rate  for 
contractor's  tools.  Circ.  1056,  R.  C.  2-17-09. 

The  following  or  similar  endorsement  may  not  be  made,  viz: 
"Builder's  Risk  granted  until  notified  to  discontinue,  when  charge, 
if  any,  will  be  made."  A  definite  time  must  be  stated  for  Builders' 
Risks  not  to  exceed  one  year.  Circ.  48,  M.  6-24-99. 

In  the  case  of  policies  covering  contractors  on  public  school 
buildings  in  course  of  construction  where  the  city  declines  to  accept 


GENERAL  RULES  AND  RATES  51 

such  policies  unless  the  Unoccupancy  Warranty  is  stricken  out,  the 
rate  charged  must  be  that  required  under  the  minimums  for  school- 
houses  plus  the  charge  for  Builder's  Risk.      Circ.  363,  R.  C.  4-30-02. 

Buildings  in  course  of  construction  constitute  a  class  by  them- 
selves no  matter  what  occupancy  they  may  be  designed  for,  and 
such  buildings  may  not  be  otherwise  classified  until  they  are  com- 
pleted and  ready  for  occupancy,  when  they  may  be  written,  subject 
to  rules,  at  proper  specific  rates  or  under  general  minimums. 

Circ.  322,  A.  C.  2-3-02. 

The  rates  to  be  charged  on  policies  covering  buildings  in  course 
of  construction  must  be  those  named  above,  and  no  other  rates 
may  be  charged,  no  matter  what  the  occupancy  of  the  buildings  is 
to  be  or  what  warranty  may  be  contained  in  policies  as  to  such 
future  occupancy.  Circ.  321,  A.  C.  1-28-02. 

Buildings  in  course  of  construction  intended  for  occupancy  as 
dwellings  or  as  stores  with  exclusively  dwellings  above  must  be 
written  as  in  course  of  construction  at  the  rate  applying  to  them 
as  such,  and  for  a  term  not  exceeding  twenty-three  months. 

Unoccupied  buildings  in  course  of  reconstruction  no  matter  what 
their  previous  occupancy  was,  whether  dwellings  or  otherwise, 
must  be  written  at  the  Unoccupied  building  rate  plus  district  or 
other  advance  (if  any)  plus  charge  for  builder's  risk.  Unoccupied 
buildings  in  course  of  reconstruction  may  not  take  advantage  of 
the  rules  applying  to  buildings  in  course  of  construction. 

Circ.  1038,  iM.  12-29-08. 

Policies  covering  dwellings  or  stores  with  exclusively  dwellings 
above  must  not  be  written  with  "permission  to  complete"  or  any 
words  to  that  effect  Until  completed,  a  building  is  considered  as 
in  course  of  construction  and  must  be  so  written. 

Privilege  for  Ordinary  Alterations  and  Repairs  may  be  attached 
to  policies  covering  dwellings  or  buildings  occupied  above  the 
grade  floor  exclusively  as  dwellings  without  extra  charge  if  the 
form  of  privilege  used  is  exactly  as  set  forth  on  page  67  of  Hand 
Book,  but  any  other  form  must  be  charged  for. 

When  Buildings  in  Course  of  Construction  are  of  a  class  per- 
mitted to  be  written  by  Branch  Managers  (that  is,  intended  for  an 
occupancy  which  would  permit  Branch  Managers  to  write  them  at 
completion),  they  may  be  written  by  Branch  Offices,  but  they  must 
be  written  as  in  course  of  construction,  and  the  policies  must  be  in 

the  following  form :     "On building  while 

in  course  of  construction  or  while  occupied  for " 

When  a  fireproof,  semi-fireproof  or  standard  slow-burning  build- 
ing in  course  of  construction  is  intended  to  be  equipped  with  an 
installation  of  automatic  sprinklers,  and  such  risk  upon  completion 
will  be  eligible  for  rating  under  the  Restricted  Sprinkler  Schedule, 
the  Manager  may  state  upon  the  rate  card  that  insurance  upon 
such  building  at  the  usual  rate  for  a  building  in  course  of  con- 
struction, may  be  written  subject  to  an  understanding  that  when 


GENERAL  RULES   AND   RATES  52 

.  >  . 

the  risk  is  completed,  equipped,  Restricted  Schedule  rates  named 
thereon,  and  permanent  insurance  written  thereon  in  stock  com- 
panies, a  pra  rata  return  premium  from  inception  of  risk  will  be 
allowed  upon  the  course  of  construction  policies  equal  to  the  differ- 
ence between  the  rate  charged  for  them  and  the  Restricted  Sched- 
ule rate  as  promulgated,  the  commission  upon  such  course  of  con- 
struction policies  to  be  the  same  as  if  the  building  was  rated  under 
the  Restricted  Schedule  from  the  outset,  viz:    five  per  cent. 

Circ.  884,  3-12-07. 

BUILDING  RATES. 

All  buildings  in  entire  Metropolitan  District  not  rated  by  gen- 
eral minimum  or  specific  rate,  contents  of  same  being  rated 
(whether  by  Specific,  Minimum,  Class  of  Hazards  or  Dry  Goods 
District  rate),  shall  be  rated  as  follows:  Brick  buildings,  40  per 
cent  of  highest  contents  rate;  but  in  risks  written  under  general 
minimum,  stocks  marked  in  the  list  of  general  minimums  with  a 
star  shall  not  operate  to  rate  the  building  containing  them  higher 
than  24  cents.  No  building  under  this  rule  shall  rate  below  20 
cents.  Frame  buildings  rate  same  as  lowest  contents  except  as 
stated  on  page  122  of  Hand  Book,  when  they  take  rate  of  highest 
contents.  5-29-95. 

Where  in  the  list  of  minimums  a  special  minimum  rate  is  men- 
tioned for  building  (as  in  the  case  of  hospitals,  schools,  lodging 
houses,  etc.),  the  same  applies  only  to  "brick  buildings,  and,  unless 
otherwise  specified,  frame,  or  brick  and  frame,  buildings  in  such 
cases  take  the  same  rate  as  contents.  5-29-95. 

Where  a  frame  building  occupied  as  store  on  the  first  floor  and 
dwellings  above  has  a  small  frame  extension  adjoining  and  com- 
municating, which  is  occupied  as  a  business  stable  (not  a  private 
family  stable),  the  rate  on  such  building  and  contents  must  be  that 
of  the  stable;  that  is  to  say,  1.50.  A  specific  rate  will  be  issued 
upon  such  risks  upon  application  to  the  Manager. 

Circ.  63,  M.  8-4-99. 

Where  a  brick  store  and  dwelling  has  a  frame  extension  or 
addition  more  than  one  story  in  height  or  exceeding  650  square 
feet  in  area,  such  building  must  be  classed  as  brick  and  frame  and 
must  take  the  rate  for  frame.  Circ.  790-1-10-05. 

The  presence  of  a  frame  veranda,  or  stoop,  or  porch,  or  bulk- 
head door,  in  connection  with  a  brick  building  does  not  operate 
to  class  that  building  as  brick  and  frame.       Circ.  365,  M.  5-5-02. 

If  policies  covering  buildings  are  written  to  include  liability  for 
loss  occasioned  by  the  operation  of  ordinances  or  laws  requiring 
the  replacement  of  entire  buildings  in  case  of  fire  damage  exceed- 
ing a  given  percentage  of  value,  the  rate  on  such  buildings  shall  be 
double  that  which  is  shown  on  rate  cards  if  risk  is  specifically 
rated,  or  double  that  required  under  general  minimums  or  rules  if 
risk  is  not  specifically  rated.  Circ.  312-1-8-02. 


GENERAL  RULES  AND  RATES  53 

m  i 

BUILDER^S      RISK;      EXTRAORDINARY  ALTERA- 
TIONS AND  REPAIRS. 


Any  privilege  for  alterations  or  repairs,  except  that  given  under 
the  head  of  Mechanics'  Privilege,  Ordinary  Alterations  and  Repairs, 
and  that  given  in  the  body  of  the  policy,  shall  be  charged  on  build- 
ings of  ordinary  construction  and  on  their  contents  25  cents,  and 
on  buildings  of  fireproof  construction  and  on  their  contents  15 
cents,  or  the  short  rates  thereof.  No  Builder's  Risk  may  be  granted 
for  a  term  longer  than  one  year. 

The  Builder's  Risk  charge  for  fireproof  risks  may  be  made  only 
where  the  risk  has  been  promulgated  as  in  the  fireproof  class. 

The  fifteen  days  Builder's  Risk  allowed  by  the  Standard  Policy 
requires  no  charge. 

Charge  must  be  made  for  the  full  term  of  endorsement,  unless 
endorsement  distinctly  states  that  the  fifteen  days  allowed  by  the 
Standard  Policy  is  included  in  the  term  thereof. 

Specific  permission  for  the  construction  or  reconstruction  of  an 
elevator  shaft  so  as  to  conform  to  the  Building  Laws  may  be 
allowed  without  charge. 

The  charge  for  Builder's  Risk  is  net,  and  subject  to  no  deduc- 
tion or  allowance  of  any  kind.  Circ.  407,  R.  C.  9-10-02. 

A  definite  time,  not  to  exceed  one  year,  must  be  stated  for 

Builder's  Risks.  Circ.  48,  M.  6-24-99. 

The  Short  Rate  Rules  set  forth  in  Hand  Book  apply  to  all  short 
rate  business,  including  Builder's  Risk,  and  it  is  a  violation  to  allow 
renewals  of  builders'  permits  for  such  extra  premium  as  would 
represent  the  difference  between  the  original  term  and  that  which 
might  have  been  charged  for  had  the  permit  been  taken  out  for  the 
total  time  covered.  Circ.  84,  R.  C.  10-4-99. 

If  in  connection  with  a  Builder's  Risk,  privilege  is  included  to 
keep  and  use  gasolene,  gunpowder,  dynamite,  or  other  high  inflam- 
mable or  explosive  in  connection  with  the  builder's  work,  to  be  kept 
in  quantities  permitted  by  law  and  not  exceeding  limitations  named 
in  the  privilege,  the  rate  for  such  Builder's  Risk  shall  be  increased 
to  50  cents  per  annum.  Circ.  743,  R.  C.  6-26-05. 

For  Mechanics  Privilege;  Ordinary  Alterations  and  Repairs,  see 
page  67. 


% 


GENERAL  RULES   AND   RATES  54 

CALCIUM  CARBIDE. 

Not  more  than  100  pounds  of  Calcium  Carbide  may  be  per- 
mitted without  extra  charge,  the  same  to  be  kept  according  to 
law  and  in  waterproof  metallic  cans.  Circ.  879,  2-13-07. 

CERTIFICATES    UNDER   OPEN   ENTRY   POLICIES. 

The  appointment  by  members  of  persons  to  countersign  certifi- 
cates in  their  behalf  under  existing  policies  is  not  a  violation,  pro- 
vided no  compensation  is  paid  for  such  service  and  no  new  insur- 
ance is  made,  and  provided  only  the  following  form  of  Certificate 
is  used;  viz: 


No, 


$ New  York 

This  certifies  that ha insurance  by  the 

Insurance  Company  of under  Policy 

No Entry  No to  the  amount  of 

Dollars   on 

terminating day  of at  noon. 

Loss,  if  any,  in  conformity  with  the  conditions  of  said  policy, 

to  be  adjusted  with and  payable  to only  on 

presentation  of  and  surrender  of  this  Certificate. 

Circ.  7,  A.  C.  3-20-99. 

It  is  a  violation  to  authorize  or  permit  the  insured  to  sign  and 
/or  issue  certificates  under  open  entry  policies  or  specific  policies. 

Circ.  1119,  A.  C.  11-1-09. 

CHANGES  OF  OCCUPANCY,  CONSTRUCTION  OR 

HAZARD. 

Whenever  application  is  made  for  an  endorsement  to  policies 
on  buildings  or  any  contents  of  any  risk  already  specifically  rated 
permitting  any  occupancy  or  change  in  occupancy,  hazard  or  con- 
struction, or  whenever  insurance  is  accepted  on  any  new  building 
erected  on  the  lot,  or  on  any  new  tenant  in  such  risk  not  yet  specifi- 
cally rated,  or  any  new  tenant  (not  yet  specifically  rated)  in  a  build- 
ing which  is  specifically  rated  as  unoccupied,  the  member  granting 
such  endorsement,  permit  or  insurance  shall  apply  immediately  to 
the  Manager  for  a  revision  of  rate.  Meantime,  he  shall  not  issue 
the  endorsement,  permit  or  policy,  but  may  hold  the  same  bound 
subject  to  the  revised  rate. 

This  rule  shall  not  apply  to  risks  written  under  General  Mini- 
mums. 

The  above  does  not  apply  to  risks  where  no  specific  rate  exists 
covering  any  risk,  past  or  present,  on  the  lot. 


GENERAL  RULES  AND  RATES  55 

« — —J 

The  purpose  of  the  rule  is  to  prevent  the  gradual  lapse  of  spe- 
cifically rated  risks  back  into  the  minimum  class,  on  account  of 
changes  which  have  not  come  to  the  notice  of  the  Manager's  office. 

Where  a  privilege  is  granted  for  a  new  communication,  or  any 
other  increase  of  hazard,  and  this  office  is  asked  for  a  new  rate 
covering  the  same,  it  is  a  violation  to  charge  for  such  privilege 
from  the  day  that  the  new  card  appears,  the  rule  being  that  the 
revised  rate  shall  date  from  day  of  binding.      Circ.  493,  M.  4-20-03. 

When  a  specifically  rated  risk  is  torn  down  or  otherwise  re- 
moved to  make  way  for  a  new  building  a  specific  course  of  con- 
struction rate  for  the  latter  must  be  applied  for,  and  insurance 
may  only  be  written  subject  to  such  specific  rate. 

Circ.  869,  R.  C.  12-14-06. 

No  form  of  privilege  for  occupancy  shall  be  given  upon,  or  in- 
cluded in,  policies  covering  dwellings  or  stores  and  dwellings,  ex- 
cept such  as  may  be  conveyed  by  the  Dwelling  Warranty,  or  Flat 
House  Warranty,  or  Store  and  Dwelling  Warranty,  required,  under 
the  rules,  to  be  attached  thereto.  Circ.  934,  R.  C.  11-14-07. 

When  the  specific  rating  of  a  store  and  dwelling  risk  because  of 
height  and  area  results  in  the  promulgation  of  rates  no  higher  than 
the  regular  minimums  applying  thereto,  no  application  for  rerating 
on  account  of  a  change  of  occupancy  need  be  made,  unless  such 
change  involves  entry  into  the  risk  of  a.  class  of  hazard  like  print- 
ers, upholsterers,  woodworkers,  etc.,  which,  under  the  rules,  takes 
the  risk  out  of  the  class  of  stores  and  dwellings  permitted  to  be 
written  by  Branch  Offices,  and  makes  it  subject  to  specific  rating. 

Circ.  939-12-11-07. 

Architects'  offices  may  not  be  written  at  the  rate  for  "offices," 
but  should  be  specifically  rated;  and  where  rates  for  "offices"  and 
"studios"  appear  on  the  same  card,  or  in  connection  with  the  same 
risk,  an  architect's  office  located  therein,  and  not  specifically  rated, 
must  take  the  rate  stated  for  studios.        Circ.  1067,  R.  C.  4-9-09. 

Reductions  in  rate  must  in  no  case  be  dated  back  of  the  date  of 
the  card  promulgating  the  reduced  rate.  2-1-96. 

In  cases  where  cards  in  cabinets  may  be  found  to  be  incorrect, 
by  reason  of  change  since  cards  were  issued  or  otherwise,  such 
cases  must  be  reported  to  the  Manager,  and  new  rates  made  as 
promptly  as  possible,  and  policies  shall  not  be  issued  in  such  cases 
until  new  rates  shall  have  been  made.  Circ.  1-3-8-99. 

When  an  application  is  made  to  rate  a  risk  requiring  a  pass 
from  some  source  before  examination  thereof  can  be  made,  such 
pass  must  be  sent  in  with  the   letter  making  application  for  the 

rate.  Circ.  78,  R.  C.  9-21-99. 

* 

The  following  clause  is  a  violation  in  that  it  permits  an  increase 
of  hazard  without  notice,  viz: — 

"Should  any  more  hazardous  occupation  occur,  this  policy  shall 
continue  to  cover,  and  the  rate  of  premium  to  be  fixed  shall  be 
paid  from  the  date  any  increase  of  hazard  takes  effect." 

Circ.  124,  R.  C.  3-12-00. 


m 


GENERAL  RULES  AND  RATES  56 

Where  privilege  is  asked  for  to  open  new  communications  with 
adjoining  buildings,  such  request  must  be  referred  to  the  Man- 
ager's office  for  readjustment  of  rate,  and  failure  so  to  do  is  in 
violation  of  rule  under  "Communicating  Buildings,"  on  page  58. 

Circ.  138,  M.  5-14-00. 

When  binders  are  issued  on  rated  risks,  such  binders  must  be  at 
the  rates  in  cabinets,  and  the  issuance  of  such  binders  at  less  than 
tariff  rate  will  be  regarded  as  a  violation.  Circ.  140,  A.  C.  6-1-00. 

Where  rate  cards  as  published  in  cabinet  cover  buildings  and 
(or)  contents  at  certain  street  numbers  named  on  rate  card,  the 
highest  of  such  contents  rates  is  to  be  understood  as  applying  also 
to  any  property  contained  in  yards  or  otherwise  located  outside  of 
the  buildings  designated  by  such  street  numbers,  unless  a  specific 
rate  on  such  outside  property  is  shown  on  the  card. 

Circ.  206,  R.  C.  2-9-01. 

When  an  application  is  accepted  for  insurance  and  a  new  rate 
on  the  risk  comes  out  on  the  same  day,  the  policy  must  be  written 
at  the  rate  named  on  the  new  card.  Circ.  322,  M.  2-3-02. 

A  clause  reading,  "It  is  understood  and  agreed  that  this  insur- 
ance is  not  prejudiced  by  change  of  interest  subsequent  to  the  date 
of  this  policy,"  is  contrary  to  the  rules,  and  will  be  considered  a 
violation.  Circ.  370,  A.  C.  5-24-02. 

CIGAR  FACTORIES  AND  CIGAR  STORES. 

In  buildings  occupied  as  stores  on  the  first  floor  and  the  upper 
part  by  tenants  as  dwellings,  and  for  the  manufacture  of  cigars, 
commonly  called  tenement  house  cigar  factories,  such  tenant  dwell- 
ings should  not  be  rated  as  cigar  manufactories,  and  the  same  are 
not  considered  as  dwellings  above  the  first  floor,  but  should  take 
the  rate  for  stock  of  cigars,  75  cents. 

Buildings  occupied  as  cigar  stores  on  the  first  floor,  and  for  the 
manufacture  of  cigars  on  the  upper  floors,  and  where  the  hands  do 
not  reside,  no  matter  what  number  of  hands  are  employed,  take 
the  minimum  for  cigar  factories.  12-19-96. 

Cigar  store  with  not  over  ten  hands  making  cigars,  if  entirely 
dwelling  above  the  grade  floor,  and  so  warranted  in  the  policy, 
takes  the  rate  for  stock  of  cigars. 

COMMISSIONS  AND  PROFITS. 

To  take  same  rates  as  merchandise.  Circ.  15-4-11-99. 

In  policies  insuring  on  merchandise  under  usual  form,  the  fol- 
lowing clause  is  prohibited,  viz:    "Including  commissions  thereon." 

5-16-95. 

No  allowance  may  be  made  for  100  per  cent  Average  Clause. 

Circ.  135,  R.  C.  5-1-00. 


GENERAL  RULES  AND  RATES  57 

In  the  case  of  a  Commission  Clause  reading:  "On  merchandise, 
hazardous,  not  hazardous,  and  extra  hazardous,  the  property  of 
the  assured,  or  held  in  trust  or  on  commission,  or  sold  but  not  de- 
livered or  removed,  or  held  on  joint  account  with  others,  or  for 
which  the  assured  are  liable,"  the  addition  of  the  words,  "or  in 
which  they  may  have  any  other  form  of  insurable  interest,"  or 
any  similar  phrase,  is  unnecessary  and  undesirable. 

Circ.  725,  A.   C.  5-3-05. 

COMMUNICATING  BUILDINGS. 

Where  buildings  written  under  general  minimum  rates  adjoin 
or  communicate  through  walls  or  bridges,  unless  separated  by  a 
secure  brick  or  stone  wall,  and  all  openings  protected  with  fire 
doors  or  fire  shutters,  as  required  by  the  specifications  of  the  New 
York  Board  of  Fire  Underwriters  (which  are  accepted  as  a  stand- 
ard), the  higher  rate  on  either  side  of  the  wall  shall  prevail. 

Circ.  768-10-11-05. 

In  cases  where  privilege  is  asked  for  on  specifically  rated  risks 

to  communicate  with  adjoining  buildings,  such  request  shall  be 
referred  to  the  Manager's  office  for  readjustment  of  rate,  and  to 
make  an  additional  charge  if  necessary.  Circ.  768-10-11-05. 

Privilege  to  communicate  with  a  public  transportation  subway 

may  be  given  only  under  a  charge  therefor  to  be  included  in  the 
specific  rates  promulgated  on  cards.  Circ.  912,  R.  C.  7-26-07. 

In  case  of  doubt  arising  as  to  whether  or  not  the  Distribution 
Clause  is  required  on  blanket  policies  covering  in  two  or  more 
buildings  having  communications  protected  by  approved  or  non- 
approved  fire  doors,  the  question  shall  be  referred  to  the  Manager's 
office,  which  will  thereupon  re-print  the  rate  cards  applying  with 
the  statement  that  the  Distribution  Clause  is  required,  if  such  is 
the  case.  Circ.  1048,  1-22-09. 

Blanket  policies  may  be  written  covering  in  two  or  more  com- 
municating buildings  having  approved  fire  doors  at  all  communi- 
cating openings,  at  the  highest  rate,  with  the  80  per  cent  Average 
Clause  and  the  Standard  Distribution  Clause,  and  10  per  cent  allow- 
ance may  be  made  for  100  per  cent  Average  in  such  cases. 

The  intention  of  this  rule  is  that  the  introduction  of  approved 
fire  doors  should  not  prejudice  a  risk  in  any  way.  It  is,  therefore, 
held  that  even  where  fire  doors  separating  two  or  more  communi- 
cating buildings  are  not  approved,  blanket  policies  written  cover- 
ing in  such  buildings  if  written  with  the  8o  per  cent  Average 
Clause  require  the  Distribution  Clause  just  as  in  the  case  where  the 
doors  are  approved;'  that  is  to  say,  the  Distribution  Clause  is  re- 
quired where  blanket  policies  are  written  with  the  80  per  cent 
Average  Clause,  and  covering  in  two  or  more  communicating 
buildings  separated  by  fire  doors,  whether  the  latter  are  approved 
or  not  approved.  But  policies  written  with  the  100  per  cent 
Average  Clause  do  not  require  the  Distribution  Clause  in  any  case, 
even  where  covering  in  or  on  two  or  more  communicating  build- 
ings, whether  separated  by  approved  or  non-approved  fire  doors, 


/ 


GENERAL  RULES  AND  RATES  58 


Where  privilege  is  asked  for  to  open  new  communications  with 
adjoining  buildings,  such  request  must  be  referred  to  Manager's 
Office  for  readjustment  of  rate.  Circ.  138,  M.  5-14-00. 

A  clause  giving  "Privilege  to  communicate  with  adjoining  build- 
ings," or  any  similarly  worded  clause  which  in  effect  grants  permis- 
sion to  make  communications  other  than  those  existing  at  the  time 
the  rate  was  made,  is  in  violation.  Circ.  305,  R.  C.  12-31-01. 

COMPETITIVE  RATES. 

No  rate  on  a  so-called  competitive  basis  disregarding  schedules 
or  other  rules  of  the  Exchange  shall  be  made  or  promulgated  un- 
less approved  by  a  go  per  cent  vote  of  the  members  present,  and 
voting  at  a  regular  meeting  or  a  meeting  specially  called. 

In  all  cases  where  competitive  rates,  made  without  reference 
to  existing  schedules  or  rules  of  the  Exchange,  are  reported  to  that 
body  for  its  consideration,  the  fact  that  such  rates  are  competitive 
rates  shall  be  stated  at  the  meeting  at  which  the  vote  is  taken. 

Circ.   216-3-20-01. 


CONSEQUENTIAL  LOSS  IN  COLD  STORAGE 

STORES. 

Policies  written  on  risks  involving  cold  storage  hazard  (other 
than  breweries)  may  be  written  at  the  Exchange  rate  if  the  Con- 
sequential Loss  Exclusion  Clause  is  attached  as  follows: — 

"This  Company  shall  not  be  liable  under  this  policy  for  loss 
occasioned  through  partial  or  total  disablement  of  any  refrigerating 
plant,  or  by  interruption  of  connection  therewith,  whether  such 
disablement  or  interruption  is  caused  by  fire  or  otherwise." 

Double  the  Exchange  rate  shall  be  charged  on  policies  written 
on  risks  (other  than  breweries)  involving  cold  storage  hazard  if 
written  without  the  above  clause  being  attached.     Circ.  142-6-14-00. 

The  Consequential  Loss  Exclusion  Clause  must  be  attached  to 
policies  covering  goods  on  cold  storage  in  Hudson  River  Stores. 

Circ.  139,  R.  C.  5-24-00. 

Policies  covering  merchandise  in  cold  storage,  and  written  at 
cold  storage  rates,  may  have,  if  desired,  a  clause  attached  to  poli- 
cies reading:  "Property  of  the  insured  while  in  this  building  in 
transit  to  or  from  refrigerator  rooms  is  covered  under  this  policy." 

Circ.  665,  R.  C.  9-29-04. 

The  Consequential  Loss  Exclusion  Clause  must  be  attached  not 
only  to  policies  covering  in  cold  storage  stores  but  to  all  policies 
on   risks    (other   than   breweries)    involving   cold   storage   hazard. 

Circ.   165,   M.   9-24-00. 

For  Clause  see  page  go. 


/ 


GENERAL   RULES  AND  RATES  59 


CONTINGENT  LIABILITY. 

If  policies  covering  buildings  are  written  to  include  liability  for 
loss  occasioned  by  the  operation  of  ordinances  or  laws  requiring 
the  replacement  of  entire  buildings  in  case  of  fire  damage  exceeding 
a  given  percentage  of  value,  the  rate  on  such  buildings  shall  be 
double  that  which  is  shown  on  rate  cards,  if  risk  is  specifically 
rated,  or  double  that  required  under  general  minimums  or  rules  if 
risk  is  not  specifically  rated.  Circ.  312-1-8-02. 

EIGHTY  PER  CENT    AVERAGE  RULES. 

All  rates,  whether  by  Schedule  Rate,  General  Minimum  Rate, 
Specific  Rate,  or  Dry  Goods  District  Rate,  and  class  rates  of  every 
kind,  made  and  promulgated,  and  all  rates  heretofore  promulgated 
in  the  entire  'Metropolitan  District,  including  the  Area  of  Opera- 
tion, shall  be  based  upon  80  per  cent  insurance  guaranteed  in  the 
policy. 

Whenever  the  Rate  Committee  shall  be  satisfied  that  the  Average 
Clause  will  work  a  hardship  to  the  insured,  on  account  of  his  in- 
ability to  procure  such  an  amount  of  insurance,  because  of  the 
magnitude  of  the  risk,  they  are  authorized  to  prescribe  the  terms 
on  which  the  Average  Clause  may  be  dispensed  with  or  modified. 

4-26-92. 

A  form  covering  hotel  keeper's  liability  for  personal  effects  of 
guests  and  carrying  a  co-insurance  clause  reading:  "It  is  under- 
stood and  agreed  that  the  total  insurance  to  be  carried  concurrent 
with  this  form  of  policy  on  the  above  property  is  $15,000,  and  in 
the  event  of  this  amount  not  being  maintained  the  assured  is  to  be 
a  co-insurer  for  any  deficiency,"  is  in  violation  of  the  rule  which 
requires  80  per  cent  co-insurance  guaranteed  in  the  policy. 

Circ.  1069,  M.  4-15-09. 

For  8o  per  cent  Average  Clause  see  page  92. 
FIREPROOF  AND  SUPERIOR  CONSTRUCTION. 

Allowance  of  25  per  cent  for  contents  of  buildings  of  superior 
construction,  and  40  per  cent  for  contents  of  buildings  of  fireproof 
construction,  may  be  made  by  the  Manager  or  Committee  on  Rates, 
but  not  by  members. 

The  Manager  is  authorized  to  specifically  rate  any  dwelling 
house  of  fireproof  construction  upon  survey  and  satisfactory  proof 
that  the  construction  is  of  fireproof  character,  the  rate  to  be  60 
per  cent  of  the  minimum  rate  for  a  brick,  stone,  or  iron  dwelling 
of  non-fireproof  construction,  but  no  member  shall  make  any  al- 
lowance at  the  counter  for  fireproof  construction  of  a  dwelling. 

Circ.  554-10-14-03. 

The  Manager  is  authorized,  when  specifically  rating  private 
dwellings  of  fireproof  construction,  to  make  an  allowance  of  25  per 
cent  on  contents  thereof;  but  no  allowance  for  fireproof  construc- 
tion is  to  be  made  at  the  counter.  Circ.  1087,  6-9-09. 


'iU 


GENERAL  RULES  AND   RATES  60 


FULL  CO-INSURANCE,  OR  100  PER  CENT  AVERAGE. 

Discount  of  10  per  cent  for  100  per  cent  Average  Clause  may  be 
allowed  on  all  policies  except  floating  policies,  policies  covering  in 
or  on  two  or  more  buildings  not  communicating,  contents  of  public 
storage  stores  and  grain  elevators,  merchandise  on  or  contents  of 
piers,  rents,  commissions  and  profits,  leasehold,  and  use  and  occu- 
pancy. 

Where  a  policy  form,  in  addition  to  covering  in  one  or  com- 
municating buildings,  also  includes  a  clause  reading  "and  in  yards" 
or  "and  in  yards  or  on  streets,"  or  any  similar  clause  which  ex- 
tends the  policy  to  cover  other  than  in  one  or  communicating  build- 
ings, the  Full  Average  Clause  must  be  attached  thereto  without 
deduction  for  same.     (See  next  paragraph.) 

Circ.  1119,  A.  C  11-1-09. 

The  above  ruling  has  been  modified  so  as  to  permit  either  of  the 
following  clauses  to  be  used:  "and  in  yards  immediately  adjoining 
the  above  described  premises"  "and  in  yards  and  on  streets  imme- 
diately adjoining  the  above  described  premises." 

Circ.  1129,  A.  C.  1-3-10. 

The  Exchange  having  voted  80  per  cent  co-insurance  on  House- 
hold Furniture  in  use  in  living  apartments,  policies  taking  effect  on 
and  after  May  22,  1905,  and  covering  such  property,  may  have  the 
usual  allowance  of  lo  per  cent  in  rate  therefor  if  the  100  per  cent 
Average  Clause  is  attached.  Circ.  735,  R.  C.  5-26-05. 

The  100  per  cent  Average  Clause  is  required  on  Building  Policy 
covering  premises  occupied  as  a  power  house  and  electric  light  sta- 
tion with  form  including  "electric  apparatus,  dynamos,  engines,  boil- 
ers and  connections."  Circ.  58,  M.  7-25-99. 

When  a  policy  blankets  merchandise  and  furniture  and  fixtures 

the  100  per  cent  Average  Clause  is  required  and  the  usual  allowance 
of  30  per  cent  may  be  made  therefor.  Circ.  356,  R.  C.  4-15-02. 

The  rates  of  this  Exchange  being  based  upon  the  carrying  of 
insurance  equal  to  at  least  80  per  cent  of  the  value  of  the  prop- 
erty, any  exclusion  in  the  policy  form  of  any  portion  of  the  prop- 
erty rated,  except  cost  of  excavations  and  foundations  below  the 
level  of  the  ground,  amounts  to  an  unauthorized  reduction  of  rate 
and  is  a  violation.  Circ.  421,  R.  C.  10-28-02. 

For  100  per  cent  Average  Clause  see  page  95. 


GENERAL  RULES  AND  RATES  61 


FOUNDATIONS. 

Foundations  of  buildings  below  the  level  of  the  ground  may  be 
excluded  from  policy,  but  not  being  so  excluded,  cannot  be  re- 
lieved from  the  operation  of  the  Average  Clause. 

Circ.  1061,  3-10-09. 

Clauses  excluding  Foundations  from  the  operation  of  Average 
Clause  must  refer  to  "foundations  below  the  level  of  the  ground," 
and  no  change  in  such  wording  is  permissible. 

Circ.  274,  M.  10-3-01. 

If  desired  the  words  "Cost  of  excavations  and"  may  be  prefixed 
to  "Foundations  below  the  level  of  the  ground,"  thereby  making 
the  clause  read,  "Cost  of  excavations  and  foundations  below  the 
level  of  the  ground."  Circ.  569,  12-9-03. 

Foundations,  excavations  and  (or)  piling  may  not  be  excluded 
in  policies  covering  on  piers.  Circ.  864,  R.  C.  12-6-06. 

Rule  permitting  foundations  below  the  level  of  the  ground  to  be 
excluded  from  policy,  refers  to  the  foundations  of  buildings  and 
not  to  the  foundations  of  machinery.  Circ.  946,  M.  1-22-08. 

FURNITURE  AND  FIXTURES. 

Furniture  and  Fixtures  (except  where  otherwise  specified  in  Gen- 
eral Minimum  Rates)  rate  same  as  contents,  and  are  subject  to 
same  deductions  as  contents  policy.  11-2-92. 

It  is  not  permissible  to  include  office  furniture  and  fixtures  in  a 

household  furniture  form.  Circ.  962,  A.  C.  3-18-08. 

General  Minimums  rate  not  only  stocks  of  merchandise,  but 
also  all  property  connected  with  the  same.  This  prohibits  the 
writing  of  furnituie  and  fixtures  at  a  rate  lower  than  contents  rate. 

11-2-92. 

When  a  policy  on  Furniture  and  Fixtures  is  so  worded  as  to 
make  it  cover  dynamos  or  electrical  apparatus  of  any  description 
(whether  exciters,  lamps,  motors,  switches  or  any  other  apparatus 
for  generating,  utilizing,  testing,  regulating,  or  distributing  elec- 
tricity) the  Dynamo  Clause  set  forth  on  page  91  of  Hand  Book  must 
be  attached  to  policies.  It  is  not  necessary  that  the  electrical  ap- 
paratus shall  be  mentioned  in  specific  terms,  the  clause  in  question 
being  required  to  be  attached  if  the  wording  of  the  policy  is  such 
as  to  cover  dynamos  or  electrical  apparatus  of  any  description  what- 
ever. Circ.  352,  R.  C.  4-7-02. 

No  policy  may  be  written  on  contents  of  any  rated  building  oc- 
cupied for  mercantile  or  manufacturing  purposes  for  any  longer 
period  than  one  year  at  less  than  pro  rata  of  the  annual  rate  apply- 
ing thereto,  except  that  household,  store  and  office  furniture  and 
fixtures  in  use,  wherever  contained,  may  be  subject  to  rule  gov- 
erning the  insurance  of  building  for  a  term  of  years.        1-21-97. 


1/ 


GENERAL   RULES   AND   RATES  62 


GRADE  FLOOR  AND  BASEMENT. 

/  All  policies  taking  advantage  of  a  reduced  rate  on  account 

of  goods  being  entirely  in  grade  floor  and  basement  must  contain 
in  the  form  a  stipulation  that  this  is  the  only  portion  of  the  build- 
ing in  which  they  cover.  11-2-92. 

The  matter  under  heading  "Grade  floor  and  Basement"  does  not 
refer  or  apply  to  policies  written  on  risks  rated  under  Exchange 
Mercantile  Schedule.  Circ.  591,  R.  C.  2-18-04. 


/ 


HOUSEHOLD  FURNITURE. 

Household  Furniture  in  living  apartments  shall  take  the  8o  per 
cent  Average  or  Co-Insurance  Clause;  but  an  endorsement  reading, 
In  case  of  loss  if  the  value  of  the  property  described  herein  does 
not  exceed  $2,500,  the  80  per  cent  Average  or  Co-Insurance  Clause 
shall  be  waived,"  may  be  attached  to  policies  covering  such  prop- 
erty when  the  same  is  not  contained  in  a  hotel  or  an  apartment 
hotel.  Circ.  733-5-22-05. 

It  is  not  necessary  to  attach  the  Co-insurance  Clause  to  policies 
covering  household  furniture  when  same  are  transferred  to  a  new 
locality  if  the  existing  contracts  did  not  under  the  rules  require 
co-insurance  to  be  attached  in  the  old  location,  and  if  the  new 
location  is  not  a  furniture  warehouse  or  apartment  hotel  or  other 
class  of  risk  where  co-insurance  was  required  on  household  furni- 
ture even  before  the  vote  of  May  10,  1905,  was  passed. 

Circ.  748,  R.  C.  7-11-05. 

If  Household  Furniture  in  use  in  living  apartments  is  insured 
under  a  policy  which  also  covers  under  a  separate  item  other  prop- 
erty like  merchandise  or  building,  the  clause  required  by  the  rules, 
and  reading,  "In  case  of  loss  if  the  value  of  the  property  described 
herein  does  not  exceed  $2,500,  the  80  per  cent  Average  or  Co- 
Insurance  Clause  shall  be  waived,"  shall  be  made  to  refer  and 
apply  to  the  household  furniture  only.         Circ.  762,  R.  C.  9-14-05. 

It  is  not  permissible  to  allow  for  100  per  cent  Average  on  poli- 
cies covering  in  household  furniture  storage  warehouses. 

R.  C.  10-21-99. 

Household  Furniture  in  any  Storage  Warehouse  may  not  be 
written  for  more  than  one  year  except  at  full  annual  rates  for  each 
year.  Circ.  48,  M.  6-24-99. 

Where  the  card  does  not  mention  household  furniture,  and 
names  no  general  rate  for  other  contents,  household  furniture  takes 
the  rate  of  the  highest  rated  contents.  2-28-96. 

Where  the  card  does  not  mention  household  furniture  by  name, 
but  does  name  a  general  rate  for  other  contents,  household  furni- 
ture takes  such  genersd  rate  for  other  contents.  2-28-96. 


/ 


GENERAL  RULES  AND  RATES         63 


The  rule  making  rate  for  household  furniture  50  per  cent  of 
highest  contents  applies  only  to  risks  rated  under  general  mini- 
mum, and  not  to  specifically  rated  risks.  2-28-96. 

Hotel  furniture  and  fixtures  may  not  be  written  for  three  years 
at  two  and  one-half  annual  premiums  unless  stock,  materials  and 
supplies  are  excluded  therefrom.  Circ.  1061,  3-10-09. 

Household  furniture  in  hotels  belonging  to  guests  may  be  writ- 
ten at  2y2  times  the  annual  rate.  Circ.  356,  A.  C.  4-15-02. 

Household  Furniture  in  Hotels,  whether  property  of  landlord 
or  guest,  is  subject  to  80  per  cent  Average  Clause.  Also  the  usual 
allowance  may  be  made  upon  such  risks  for  100  per  cent  Average 
Clause.  Circ.   94,  M.  11-10-99. 

If  a  dwelling-house  building  form  includes  "shades,  mats,  car- 
pets, and  other  floor  coverings,"  or  other  items  of  personal  prop- 
erty properly  insurable  as  contents  of  such  dwelling,  the  entire 
policy  must  take  the  highest  contents  rate  instead  of  the  usual 
building  rate.  Circ.  118,  R.  C.  2-13-00. 

A  policy  covering  Household  Furniture  may  be  transferred  to 
cover  in  a  storage  warehouse  at  the  pro  rata  charge  of  the  differ- 
ence in  rate  for  the  time  that  the  policy  covers  in  the  warehouse. 

Circ.  356,  A.  C.  4-15-02. 

In  transferring  policies  on  Household  Furniture  to  cover  in 
risks  coming  under  the  rates  for  Flat  Houses,  it  is  not  necessary 
to  charge  additional  premium  unless  the  rate  in  new  location  on 
basis  of  new  rates  is  higher  than  the  rate  in  old  location  on  same 
basis,  in  which  case  the  difference  of  rate  must  be  charged  for. 

Circ.  363-4-30-02. 


IMPROVEMENTS  TO  BUILDINGS. 

Where  improvements  to  buildings  are  written  separate  from  the 
insurance  upon  the  building  they  must  take  the  rate  of  the  build- 
ing with  25  per  cent  of  the  building  rate  added  thereto,  unless  such 
increase  shall  make  the  rate  higher  than  the  highest  contents  rate, 
in  which  case  the  highest  content*^,  rate  shall  prevail.  Subject  to 
the  same  rules  as  building.  Circ.  542-9-9-03. 


LEASES. 

To  take  same  rate  and  rules  as  building.  Same  commission  as 
the  building.  Eighty  per  cent  Average  Clause  required.  No  al- 
lowance permitted  for  100  per  cent  Average  Clause. 

If  policy  specifies  so  much  reduction  per  month,  extinguishing 
itself  by  the  end  of  the  entire  term,  rate  may  be  pro  rata,  so  that, 
for  example,  a  three  year  policy  would  be  charged  two  annual 
rates.  5-25-96. 


GENERAL  RULES  AND  RATES  64 

If  a  leasehold  policy  specifies  so  much  reduction  per  month, 
thereby  extinguishing  itself  by  the  end  of  its  own  term,  no  Average 
Clause  shall  be  required  thereon.  Circ.  554-10-14-03. 

If  policies  on  Leasehold  or  Use  and  Occupancy  are  made  to 
blanket  Household  Furniture  or  similar  personal  property  they 
must  take  same  rate  as  Contents.  Circ.  69,  M.  8-21-99. 

The  rate,  or  principal  sum,  may  not  be  "pro-rated"  in  the  case 
of  a  policy  written  for  one  year  and  containing  a  monthly  reduc- 
tion clause.  Circ.  669,  R.  C.  10-10-04. 

LISTED  STORAGE  STORES. 

Non-fibre,  Fibre,  and  General  Order  Stores  include  stores  un- 
der the  supervision  of  the  New  York  Board  of  Fire  Underwriters 
which  are  regularly  inspected  and  published  in  book,  entitled  "List 
of  Storage  Stores  in  the  Metropolitan  District." 

Listed  non-fibre  storage  stores  are  rated  under  Mercantile 
Schedule  with  a  special  allowance  for  occupancy,  resulting  in  a 
building  rate  as  well  as  in  a  base  rate  for  merchandise.  These  rates 
are  promulgated  on  cards  in  cabinet,  and  the  final  rates  for  specific 
kinds  of  merchandise  contained  in  such  storage  stores  are  obtained 
by  adding  to  the  base  rate  named  the  charge  shown  in  "Alpha- 
betical List  of  Charges  for  Merchandise  in  Listed  Storage  Stores," 
which  list  is  published  separately  from  this  Hand  Book.  If  it  is 
not  desired  to  write  merchandise  under  a  "Specific  Form"  it  may 
be  written  under  one  of  the  forms  named  below  at  the  charge 
indicated. 

"Merchandise  General;"  add  to  the  Base  Rate  of  warehouse  100 
cents. 

"Merchandise  Form  A;"  add  to  the  Base  Rate  of  warehouse  40 
cents. 

"Merchandise  Form  B;"  add  to  the  Base  Rate  of  warehouse  25 
cents. 

"Linen  and  Jute  Form,"  add  to  the  Base  Rate  of  warehouse  20 
cents. 

All  these  forms  are  printed  on  watermarked  paper  by  the  Ex- 
change, and  none  other  than  those  so  printed  are  permitted  to  be 
used. 

No  allowance  may  be  made  on  contents  of  listed  storage  stores 
for  100  per  cent  Average  Clause. 

Allowance  of  10  per  cent  or  10  cents,  as  the  case  may  be,  for 
automatic  fire  alarm  and  (or)  percentage  allowance  for  automatic 
sprinklers  may  be  made  on  policies  covering  listed  non-fibre  stor- 
age stores,  building  and  contents,  when  so  stated  on  rate  cards. 

No  clause  agreeing  to  pay  the  cost  of  certificating  or  re-certifi- 
cating cotton  shall  be  attached  to  policies. 

Circ.  914,  S.  W.  C.  8-21-07. 


'7 


GENERAL  RULES  AND  RATES  65 

^.      ,      -        m.  ■  — ■  I  .  M.^^^         — —     .-I—     .1-1.  I  I        ■  I     ■         ■  I.  -■     ■—     ■■■■'■  ■  ..-    .  I       ,  I       ,    ,.^ 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  insured  and 
re-written  at  short  rates  on  the  same  merchandise  but  under  a  dif- 
ferent name.  Circ.  289,  R.  C.  11-6-01. 

Policies  covering  specific  merchandise  at  a  given  rate  may  not 
be  changed  by  endorsement  to  cover  other  specific  merchandise  at 
a  lower,  or  a  higher,  or  the  same  rate,  but  in  either  case  the  policy 
must  be  cancelled  at  short  rates  and  a  new  policy  issued;  neither 
may  any  of  the  Merchandise  Forms  be  substituted  one  for  another 
or  for  specific  insurance.  Circ.  627,  S.  W.  C.  5-17-04. 

Where  a  Listed  Storage  Store  has  cold  storage  and  is  equipped 
with  electric  lights  under  permission  from  the  New  York  Board 
of  Fire  Underwriters,  the  Electric  Light  Clause  need  not  be  at- 
tached to  policies  covering  contents.  Circ.  380,  R.  C.  6-16-02. 

Forms  printed  on  the  watermarked  paper  of  this  Exchange  must 
not  be  curtailed  or  added  to  by  the  tearing  off  of  any  portion  there- 
of or  by  the  attachment  thereto  of  additional  matter,  it  being  the 
intention  of  this  Exchange  that  nothing  shall  be  inserted  in  filling 
out  such  forms  except  a  description  of  the  property  insured  and  its 
location,  the  name  of  the  company  issuing  the  policy,  and  the 
number  of  the  policy  to  which  such  form  is  attached,  and  any 
other  treatment  of  such  forms  shall  be  regarded  as  a  violation. 

Circ.  781-12-13-05. 

It  is  permissible  to  add  a  clause  to  the  policy  to  the  efifect  that 
Duties  are  or  are  not  included,  but  it  is  not  permissible  to  attach 
any  clause  or  wording  to  our  watermarked  forms  to  that  effect. 

Circ.   781-12-13-05. 


LONG    ISLAND    CITY    DWELLINGS    AND    STORES 
WITH  EXCLUSIVELY  DWELLINGS  ABOVE 

GRADE  FLOOR. 

Bldg.    H.  h.  f. 
Brick  dwellings,  either  detached  or  in  a  row    .        .20        .24 
Frame  dwellings,  detached  25  feet  or  more       .         .30         .30 
Frame  dwellings,  detached  less  than  25  feet,  or 

two  or  three  together 40         .40 

Detached  private  stables,  brick  or  frame,  build- 
ing and  contents      , '30 

Brick,  not  detached,  no  increase  for  frame  in 
row. 

In  frame  rows  of  three  or  more  buildings  adjoining  or  detached 
less  thar  3  feet,  add  to  the  detached  rate  of  each  frame  dwelling  or 
frame  private  stable  and  to  contents  5  cents  for  each  additional 
frame  dwelling  or  frame  private  stable  in  the  row,  and  10  cents 
for  each  frame  store  and  dwelling  or  other  frame  risk  in  the  row. 

3-10-96. 


GENERAL  RULES  AND  RATES  66 

Bldg.    H.  h.  f.    Min.  for 
Stock. 
Brick  store  and  dwelling,  either  detached 

or  in  row 25        .35        .50 

Bldg.  All  Con. 
Frame   store  and   dwelling,  detached  25 

feet  or  more .50        .60 

Frame  store  and  dwelling,  detached  less 

than  25  feet,  or  two  or  three  together  .70         .80 

In  frame  rows  of  three  or  more  frame  buildings  adjoining,  or 
detached  less  than  3  feet,  add  to  the  detached  rate  of  each  frame 
store  and  dwelling,  or  other  frame  risk,  and  to  their  contents,  5 
cents  for  each  frame  dwelling  or  frame  private  stable  in  the  row, 
and  10  cents  for  each  additional  frame  store  and  dwelling  or  other 
frame  risk  in  the  row. 

Eighty  per  cent  Average  Clause  required.  Term  rates  (regular 
Exchange  rule)  and  all  Exchange  rules  to  apply.  12-26-95. 

Any  frame  building  within  twenty-five  feet  of  a  frame  risk 
brings  such  risk  within  the  rates  prescribed  above  for  "frame 
dwellings  or  frame  stores  and  dwellings  detached  less  than  twenty- 
five  feet."  Circ.  218,   M.   3-23-01. 

General  Minimum  Rates  as  printed  in  Hand  Book  shall  apply  to 
Stocks  in  Long  Island  City  Stores  with  exclusively  dwellings  above 
grade  floor,  except  in  cases  where  such  rates  are  less  than  the 
minimums  required  above,  when  the  latter  shall  apply. 

Circ.  170,  R.  C.  10-12-00. 


MACHINERY  AT  BUILDING  RATES. 

Machinery  pertaining  to  the  service  of  the  building,  or  the 
furnishing  of  power  therein,  if  the  property  of  the  owner  of  the 
building,  may  be  insured  with  the  building  at  the  building  rate;  but 
no  manufacturing  machine  or  apparatus  shall  be  included  in  the 
above.  7-31-95. 

MARKET  PRICE. 

The  use  of  the  following  or  any  similar  clause  is  prohibited: — 

"It  is  a  further  condition  of  this  insurance  that  in  estimating  any 
loss  on  said  merchandise,  the  current  market  price  shall  be  consid- 
ered the  actual  or  sound  value."  5-16-95. 

A  clause  reading,  "It  is  understood  and  agreed  that  in  case  of 
loss  under  this  policy  the  amount  for  which  this  company  shall  be 
liable  is  limited  to  the  invoice  cost  to  the  Branch,  plus  freight 
charges  actually  incurred,  but  subject  to  a  suitable  allowance  for 
depreciation,  if  any  depreciation  is  shown  to  exist,"  is  in  violation. 

Circ.  227,  R.  C.  5-6-01. 


GENERAL   RULES  AND   RATES  67 


MECHANICS'  OR  WORKINGMEN'S  TOOLS 

Are  exempted  from  the  Ratings  and  Rules  in  Woodworkers  and 
other  establishments,  insurance  on  same  not  to  exceed  $200,  and 
no  other  insurance  to  be  permitted. 

They  may  not  be  written  at  Branch  Offices. 

Circ.  84,  R.  C.  10-4-99. 

MECHANICS'    PRIVILEGE;     ORDINARY     ALTERA- 

TIONS  AND  REPAIRS. 

The  following  privilege  may  be  allowed  without  charge: — 
"Permission  for  mechanics  to  be  employed  for  ordinary  altera- 
tions and  repairs  in  the  within  described  premises,  but  this  shall 
not  be  held  to  include  the  constructing  or  reconstructing  of  the 
building  or  buildings,  or  additions,  or  the  enlargement  of  the  prem- 
ises." Any  other  form  must  be  charged  for  on  all  classes  of  build- 
ings or  hazards. 

The  15  days  Mechanics'  Privilege  allowed  by  the  Standard  Policy 
requires  no  charge. 

The  insertion  of  the  words  "without  limit  of  time/'  in  the  above 
clause  after  the  words  "within  described  premises,"  is  held  to  be 
allowable  if  desired — inasmuch  as  the  meaning  of  the  clause  is  not 
thereby  changed.  11-19-96, 

For  Builder's  Risk;  Extraordinary  Alterations  and  Repairs,  see 
page  53. 

ORDER  IN  WHICH  DEDUCTIONS  SHALL  BE  MADE. 

Deductions  from  minimum  rates  as  promulgated,  if  permissible, 
must  be  made  in  the  following  order: — 

1.  Allowance  for  Sole  Occupancy. 

2.  Allowance  for  Automatic  Fire  Alarm. 

3.  Allowance  for  100  Per  Cent  Average  Clause. 

4.  Allowance  for  Automatic  Sprinklers.  Circ.  26-5-4-99. 

PLANS,  DIAGRAMS,  ETC.,  FILED  FOR  REFERENCE. 

When  reference  is  made  in  a  policy  form  to  a  schedule,  plan, 
diagram,  drawing,  or  similar  supplementary  paper,  such  schedule, 
etc.,  shall  be  filed  with  an  interested  member  and  the  name  of  such 
member  must  be  stated  in  the  policy  form.  Circ.  728-5-10-05. 

When  in  a  policy  form  reference  is  made  to  a  building  as  bear- 
ing an  arbitrary  designation  such  as  "A,"  "B,"  "1,"  "2,"  etc.,  a  plan, 
diagram,  drawing,  or  map,  whereon  such  building  with  the  designa- 
tion indicated  is  shown,  must  be  filed  with  an  interested  member 
and  referred  to  in  such  policy  form.  Circ.  768-10-11-05. 


GENERAL   RULES  AND   RATES  68 


PRIVATE  WAREHOUSES. 

Private  Warehouses  shall  be  understood  to  be  such  as  are  occu- 
pied exclusively  by  the  insured  for  the  storage  of  the  insured's 
own  merchandise  in  original  packages,  including  merchandise  held 
on  commission,  or  sold  but  not  delivered;  in  which  no  cotton  or 
fibre  is  stored;  in  which  the  general  business  of  trading  is  not  car- 
ried on;  in  which  no  work  is  done  except  occasionally  breaking 
packages;  packing,  repacking,  sampling  and  sorting  piece  goods  and 
strapping  boxes;  in  which  no  lights  are  permitted  unless  contained 
in  enclosed  locked  lanterns  containing  candles  or  lamps  filled  with 
lard,  sperm,  whale,  or  signal  oil;  in  which  no  fire  or  steam  heat  is 
used  other  than  in  the  office  of  the  storekeeper,  and  for  hoisting; 
and  in  which  smoking  is  not  permitted  on  the  premises;  and  an 
allowance  in  rate  on  such  risks  may  be  made  if  a  warranty  based 
upon  the  maintenance  of  the  conditions  stated  is  filed  with  the 
Manager.  Circ.  379-6-14-02. 

Private  Warehouses  being  rated  under  the  Mercantile  Schedule 
as  mercantile  risks,  policies  covering  merchandise  therein  may  have 
allowance  for  100  per  cent  Average  Clause.    Circ.  363,  R.  C.  4-30-02. 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  insured  and 
rewritten  at  short  rates  on  the  same  merchandise  but  under  a 
different  name.  Circ.  289,  R.  C.  11-6-01. 

Policies  covering  buildings  which  are  stated  on  rate  cards  to  be 
occupied  as  private  warehouses  need  not  have  the  Private  Ware- 
house Warranty  attached;  but  such  warranty  must  be  attached  in 
all  cases  where  policies  cover  contents  of  a  private  warehouse. 

Circ.  632,  R.  C.  6-1-04. 

For  Listed  Storage  Stores  see  pages  64,  65. 

For  Private  Warehouse  Warranty  see  page  97. 

RAILROAD  PROPERTY. 

All  property  of  Railroad  Companies  insured  under  general 
nchedule,  also  re-insurance  of  surplus  of  line  of  any  item  of  such 
ichedule,  is  exempt  from  rules  and  rates.  12-16-96. 

This  rule  applies  only  to  steam  railroads  carrying  freight  and 
passengers,  and  does  not  apply  to  any  elevated  or  trolley  road 
located  wholly  or  in  part  within  the  jurisdiction  of  this  Exchange. 

Circ.    142-6-14-00. 

Schedule  specifically  covering  boats  and  similar  floating  equip- 
ment of  a  railroad  within  the  territory  of  this  Exchange  is  subject 
in  all  respects  to  tariff  rates  and  rules. 

Ferry  property  of  a  railroad,  consisting  of  piers,  piling,  founda- 
tions, bulkheads,  bridges,  ferry  houses,  etc.,  unless  written  under 
a  general  railroad  schedule  covering  all  railroad  property  of  the 
company  wherever  located,  must  be  written  at  specific  rates. 

Circ.  534,  R.  C.  8-15-03. 


GENERAL  RULES  AND  RATES         69 


RAINES  LAW  HOTELS. 

A  Raines  Law  Hotel  in  which  the  occupancy  above  grade  floor 
is  only  nominally  and  not  actually  that  of  a  hotel  is  not  subject  to 
specific  rate,  and  may  be  written  at  the  minimum  for  Stores  and 
Dwellings,  provided  the  Store  and  Dwelling  Warranty  is  attached 
to  policies  without  any  qualification  whatever,  such  as,  "Privilege 
to  be  occupied  as  Raines  Law  Hotel,"  etc.  If  any  clause  or  privilege 
is  added  which  in  any  way  restricts  or  defines  the  Store  and  Dwell- 
ing Warranty,  the  risk  is  taken  out  of  the  Store  and  Dwelling  class 
and  becomes  subject  to  the  following  rates,  if  not  specifically  rated, 
viz:  If  brick,  Contents  of  Saloon  60  cents,  Household  Furniture  30 
cents.  Building  24  cents;  if  frame,  Building  and  All  Contents  75 
cents. 

When  a  Raines  Law  Hotel  is  specifically  rated  there  is  no  ex- 
emption from  such  specific  rate  for  the  attachment  of  the  Store 
and  Dwelling  Warranty.  Card  rates  must  be  charged,  and  no 
changes  in  occupancy  may  be  recognized  until  published  on  rate 
cards. 

REDUCTION  OF  RATE. 

A  policy  that  has  been  written  and  gone  into  effect  may  have 
the  rate  reduced  thereon  in  case  that  a  new  lower  rate  card  is  put 
in  the  cabinet,  provided  such  new  lower  rate  is  the  result  of  a 
change  of  hazard,  and  such  change  may  be  taken  for  granted  in  the 
case  of  cards  issued  after  the  date  of  this  ruling  unless  the  card 
has  printed  thereon  the  words,  "Reduction  of  Rate  Without  Change 
of  Hazard"  (see  Agreement,  Section  15).  Circ.  53-7-12-99. 

REMOVAL  OF  DEBRIS. 

If  policies  cover  cost  of  removal  of  debris  a  specific  amount 
must  be  named  thereon  and  ten  times  the  building  rate  charged 
therefor.  Circ.  159-8-8-00. 

RENTS  AND  RENTAL  VALUE. 

Rents  written  under  Exchange  Rent  Clause,  "occupied  only" 
form  (use  of  which  is  obligatory)  shall  take  same  rate  as  building, 
less  25  per  cent. 

Rental  Value  shall  take  same  rate  as  building;  Exchange  Rental 
Value  Clause,  "occupied  or  vacant"  form  to  be  used  in  all  cases. 

Circ.  628-5-11-04. 

When  rents  are  written  to  cover  a  portion  of  a  building  they 
shall  take  same  rate  as  contents  of  such  portion  less  20  per  cent, 
but  in  no  case  to  be  less  than  the  building  rate.  If  there  is  more 
than  one  contents  rate  applying  to  such  portion  the  highest  shall  be 
used.  Circ.  749-7-12-05. 

Insurance  covering  liability  of  lessees  for  rent  of  piers  held 
under  lease  from  the  City  may  be  written  at  a  rate  25  per  cent  less 
than  that  of  the  pier  structure.  Circ.  589-2-10-04. 


GENERAL  RULES  AND  RATES  70 

Pew  Rents  may  be  written  at  the  rates  provided  for  by  rule 
relating  to  Rents.  Circ.  300,  R.  C.  12-7-01. 

Same  rules  and  commissions  as  the  building,  but  the  80  per  cent 
Average  Clause  need  not  be  attached,  and  no  allowance  may  be 
made  for  the  100  per  cent  Average  Clause.  10-30-96. 


For  Rent  and  Rental  Value  Clauses  see  pages  97,  98. 


/ 


RESTRICTED    SPRINKLER   SCHEDULE. 

Rates  made  under  the  Restricted  Sprinkler  Schedule  are  strictly 
net,  being  based  upon  90  per  cent  co-insurance  and  "subject  to  no 
further  deductions  whatever."  Accordingly  no  allowance  may  be 
made  for  full  co-insurance  when  that  instead  of  90  per  cent  is  guar- 
anteed. The  requirement  of  90  per  cent  co-insurance  applies  to 
blanket  policies  as  well  as  to  specific  policies  covering  risks  rated 
under  the  Restricted  Sprinkler  Schedule.        Circ.  787,  M.  1-4-06. 

When  a  fireproof,  semi-fireproof  or  standard,  slow-burning  build- 
ing in  course  of  construction  is  intended  to  be  equipped  with  ein 
installation  of  automatic  sprinklers,  and  such  risk  upon  completion 
will  be  eligible  for  rating  under  the  Restricted  Sprinkler  Schedule, 
the  Manager  may  state  upon  the  rate  card  that  insurance  upon  such 
building,  at  the  usual  rate  for  a  building  in  course  of  construction, 
may  be  written  subject  to  an  understanding  that  when  the  risk  is 
completed,  equipped.  Restricted  Schedule  rates  named  thereon,  and 
permanent  insurance  is  written  thereon  in  stock  companies,  a  pro 
rata  return  premium  from  inception  of  risk  will  be  allowed  upon 
the  course  of  construction  policies  equal  to  the  difference  between 
the  rate  charged  for  them  and  the  Restricted  Schedule  rate  as  pro- 
mulgated, the  commission  upon  such  course  of  construction  policies 
to  be  the  same  as  if  the  building  was  rated  under  the  Restricted 
Schedule  from  the  outset,  viz:  five  per  cent.      Circ.  884,  3-12-07. 

If  a  blanket  policy  covers  on  any  property  rated  under  Restricted 
Schedule  the  entire  policy  becomes  subject  to  the  rate  of  com- 
mission applying  to  a  Restricted  Schedule  policy,  viz.:  five  per  cent. 

Circ.  904,  R.  C.  6-29-07. 

Blanket  rates  upon  risks  rated  under  the  Restricted  Schedule 
being  based  upon  values  existing  at  the  time  they  are  made,  policies 
written  at  such  rates  may  not  be  written  for  a  longer  period  than 
one  year,  except  at  full  pro  rata  of  the  annual  rate. 

Circ.  912,  R.  C.  7-26-07. 

Where  a  risk  already  rated  under  some  other  schedule  is  rated 
under  the  Restricted  Sprinkler  Schedule,  existing  policies,  if  offered 
for  reduction  to  new  rate,  must  be  cancelled  pro  rata  with  proper 
return  of  commission  paid  on  the  unearned  premium,  and  rewritten 
at  the  new  rates  subject  to  5  per  cent  commission.  This  shall  also 
apply  in  those  cases  where  a  policy  is  offered  for  transfer  from  a 
risk  rated  under  some  other  schedule  to  a  risk  rated  under  the 
Restricted  Sprinkler  Schedule.  Circ.  1145,  R.  C.  3-24-10. 


GENERAL  RULES  AND   RATES  71 


SCHEDULE  OR  MAKE-UP  OF  RATES. 

No  copy  of  Schedule  or  Make-up  of  Rate  shall  be  given  out  on 
a  manufacturing  risk  upon  which  a  full  survey  and  full  rating  have 
not  been  made  within  two  years,  nor  upon  any  other  class  of  risk 
upon  which  a  full  survey  and  full  rating  have  not  been  made  within 
three  years,  reckoning  in  each  case  from  the  first  of  the  month  fol- 
lowing the  date  of  the  last  full  survey;  and  no  specifications  in  cor- 
rection of  faults  of  management  shall  be  given  out  in  any  case 
where  conditions  of  the  risk  have  not  been  inspected  within  six 
months  preceding;  nor  shall  any  allowance  be  made  for  correction 
of  faults  of  management  that  have  not  been  inspected  within  six 
months  preceding.  Circ.  69'9-2-8-05. 


SHORT  RATES. 

All  insurances  for  a  term  less  than  a  year  shall  be  charged  ac- 
cording to  the  scale  for  periods  less  than  one  year,  but  such  insur- 
ance may  be  once  renewed  for  the  ratio  of  the  premium  required  for 
the  term  for  which  the  original  policy  or  last  renewal  was  made, 
provided  the  renewal  is  made  within  ten  days  from  the  expiration 
of  the  policy,  and  provided  the  last  preceding  term  was  one  year, 
or  a  term  charged  for  according  to  the  scale  of  insurance  for  less 
than  a  year,  and  provided  that  such  policy  does  not  cover  in  a 
private  or  public  storage  store.  Circ.  1003-9-9-08. 

All  insurances  for  a  term  less  than  one  month  shall  be  charged 
for  the  portion  of  a  month,  according  to  the  short  rate  scale;  but  in 
no  case  shall  this  clause  be  so  construed  as  to  conflict  with  the 
following  clause  relating  to  cancellations,  viz: — 

A  policy  may  be  cancelled  at  any  time  at  the  request  of  the 
insured,  in  which  case  the  Company  shall  retain  the  customary  short 
rate  for  the  term  the  policy  has  been  in  force;  but  in  all  cases  ex- 
cept that  of  policies  on  contents  of  listed  storage  stores  (also  grain 
elevators)  written  for  a  month  or  more,  fractional  parts  of  a  month 
shall  be  charged  the  full  month's  premium;  no  return  to  be  made 
on  a  policy  written  for  a  period  less  than  one  month. 

The  intention  of  the  above  is  ruled  to  be  as  follows,  viz:  Policies 
on  contents  of  listed  storage  stores  may  be  cancelled  for  less  than 
one  month  at  short  rates  for  the  fractional  part  of  a  month;  but 
if  both  written  and  carried  for  more  than  one  month,  fractional 
parts  of  a  month  may  not  be  allowed  for  in  cancellations.  6-1-95. 

When  a  policy  written  for  one  year  and  time,  at  the  rate  of  one 
year  and  pro  rata  thereof,  is  returned  for  short  rate  cancellation  at 
any  date  after  the  period  of  one  year,  the  time  for  which  the  policy 
has  still  to  run  shall  be  considered  as  representing  the  unearned 
time  upon  an  annual  policy,  and  short  rates  for  the  earned  time  shall 
be  charged  upon  such  annual  basis;  the  difference  between  that 
amount  and  the  annual  premium  being  the  return  premium. 

Giro.  917-9-12-07. 


GENERAL  RULES  AND  RATES  72 

These  rules  apply  to  all  short  rate  business,  including  Builder's 
Risk.  Circ.  84,  R.  C.  10-4-99. 

In  order  to  secure  uniformity  of  practice  in  computing  short 
rate  of  any  rate  not  mentioned  in  the  Uniform  Short  Rate  Table, 
if  the  resulting  short  rate  contains  a  fraction  less  than  one  half,  such 
fraction  shall  be  dropped,  but  if  the  result  contains  a  fraction  equal 
to  or  exceeding  one  half  then  the  rate  shall  include  the  next  higher 
unit  figure.  Circ.  72,  R.  C.  8-30-99. 

Where  a  premium  calculated  at  proper  tariff  rate  results  in  a 
fractional  part  of  a  cent,  if  such  fraction  is  less  than  ^  cent  it  shall 
be  dropped  from  the  premium,  but  if  equal  to  or  exceeding  ^  cent,  a 
full  cent  shall  be  added  to  the  premium.      Circ.  121,  A.  C.  2-21-00. 

An  increase  in  the  amount  of  insurance  under  a  policy  covering 
a  risk  other  than  those  permitted  to  be  written  by  Branch  Offices 
must  be  at  the  short  rate  called  for  by  the  rules  for  the  time  for 
which  the  increase  is  made.  Circ.  165,  R.  C.  9-24-00. 

Short  Rate  Tables  are  to  be  used  when  cancelling  policies  as  well 
as  when  writing  short  term  insurance,  and  such  cancellations  must 
be  based  upon  the  premium  earned  at  the  short  rate  shown  in 
tables,  and  must  not  be  calculated  at  a  percentage  of  the  premium 
shown  in  policy.  The  use  in  cancelling  policies  of  any  other  scale 
of  charges  than  those  given  in  Short  Rate  Tables  is  a  violation. 

Circ.   181,   M.   11-20-00. 

When  a  cancellation  is  being  made  under  the  Annual  Short  Rate 
Table  at  a  rate  not  mentioned  in  that  Table,  the  earned  premium 
shall  be  arrived  at  by  taking  such  percentage  of  the  rate  involved 
as  is  indicated  in  the  100  Column  of  the  Table  for  the  time  required. 
Example:  Rate  2.30,  time  20  days,  per  cent  shown  in  100  Column 
for  20  days  =  17;  then  17  per  cent  of  2.30  =  .39. 

Circ.  743,  R.  C.  6-26-05. 

In  making  pro  rata  cancellations  the  earned  premium  must  be 
based  upon  the  number  of  days  that  the  policy  has  run,  counting 
365  days  to  the  year.  Circ.  864,  R.  C.  12-6-06. 

Failure  on  the  part  of  a  member  to  charge  for  an  endorsement 
calling  for  the  payment  of  an  extra  premium  amounting  to  25  cents 
or  more,  will  be  regarded  as  a  rebate  and  a  violation  and  dealt  with 
accordingly.  Circ.  189,  A.  C.  12-3-00. 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  insured,  and 
rewritten  at  short  rates  on  the  same  merchandise  but  under  a  differ- 
ent name.  Circ.  289,  R.  C.  11-6-01. 

Pro  rata  renewals  may  not  be  made  on  Term  Policies,  such 
renewals  being  permissible  only  on  annual  policies  or  on  policies 
issued  at  proper  short  rates  for  a  term  less  than  a  year,  and  in  no 
case  are  such  renewals  allowable  unless  made  within  10  days  from 
expiration  of  the  policy.  Circ.  289,  R.  C.  11-6-OJ. 


GENERAL  RULES  AND  RATES  73 

In  reinstating  a  policy  after  a  fire  to  the  original  amount,  same 
may  be  done  at  pro  rata  rates,  it  being  understood  that  such  rein- 
statement is  subject  to  the  rates  then  in  cabinet. 

Circ.  403,  R.  C.  9-23-02. 

In  writing  at  short  rates,  if  any  percentage  allowance  is  called 
for,  as,  for  example,  full  co-insurance,  the  same  must  be  made  from 
the  annual  rate,  and  must  not  be  made  from  the  premium  as  arrived 
at  by  the  short  rate,  nor  from  the  short  rate  itself. 

Circ.  561,  R.  C.  11-9-03. 

The  reinstatement  of  a  policy  under  which  a  partial  loss  has 
occurred  without  charging  the  proper  premium  on  the  amount  of 
such  reinstatement  at  the  rates  then  in  the  cabinet  is  a  violation, 
unless  the  additional  premium  amounts  to  less  than  25  cents,  in 
which  case  it  may  be  waived.  Circ.  924,  A.  C.  10-9-07. 

Pro  rata  renewals  for  periods  less  than  a  year  may  not  be  made 
of  policies  covering  goods  contained  in  household  furniture  ware- 
houses. Circ.  1091,  M.  6-26-09. 


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74 


GENERAL   RULES   AND   RATES. 


76 


SHORT  RATE  TABLE  FOR  TERM  POLICIES. 


THL  FOLLOWING  TABLL  MUST  BL  USED. 


Time  the  Policy  has 

If  written 

If  written 

If  written 

If  written 

been  in  Force. 

for 

for 

for 

for 

Compute  from  date 

Two  Years 

Three  Years 

Four  Years 

Five  Years 

of  Policy 

retain 

retain 

retain 

retain 

1  month   .     .     .     . 

13  p.  Ct 

10  p.  Ct. 

8  p.  ct. 

7  p.  ct. 

2  months . 

20  p.  ct. 

17  p.  ct. 

12  p.  ct. 

11  p.  ct. 

3  months . 

25  p.  ct. 

20  p.  ct. 

16  p.  ct. 

15  p    Ct. 

4  months . 

30  p.  ct. 

23  p.  ct. 

20  p.  ct. 

18  p.  Ct. 

5  months. 

35  p.  ct. 

27  p.  ct. 

23  p.  ct. 

20  p.  Ct. 

6  months . 

40  p.  ct. 

30  p.  ct. 

26  p.  ct. 

22  p.  ct. 

7  months . 

45  p.  ct. 

33  p.  ct. 

28  p.  ct. 

24  p.  ct. 

8  months . 

50  p.  ct. 

37  p.  ct. 

30  p.  ct. 

26  p.  ct. 

9  months . 

65  p.  ct. 

40  p.  ct. 

33  p.  ct. 

28  p.  ct. 

10  months . 

60  p.  ct. 

43  p.  ct. 

36  p.  ct. 

30  p.  ct. 

11  months . 

65  p.  ct. 

47  p.  ct. 

38  p.  ct. 

32  p.  ct. 

12  months . 

70  p.  ct. 

50  p.  ct. 

40  p.  ct. 

34  p.  ct. 

13  months . 

72  p.  ct. 

53  p.  ct. 

43  p.  ct. 

36  p.  ct. 

14  months . 

75  p.  ct. 

57  p.  ct. 

46  p.  ct. 

38  p.  ct. 

15  months . 

77  p.  ct. 

60  p.  ct. 

48  p.  ct. 

40  p.  ct. 

16  months . 

80  p.  ct.. 

63  p.  ct. 

50  p.  ct. 

42  p.  ct. 

17  months .     , 

82  p.  ct. 

67  p.  ct. 

53  p.  ct. 

44  p.  ct. 

18  months .    , 

85  p.  ct. 

70  p.  ct. 

56  p.  ct. 

46  p.  ct. 

19  months .    , 

87  p.  ct. 

72  p.  ct. 

58  p.  ct. 

48  p.  ct. 

20  months .     . 

90  p.  ct. 

73  p.  ct. 

60  p.  ct. 

50  p.  ct. 

21  months .     . 

92  p.  ct. 

75  p.  ct. 

63  p.  ct. 

52  p.  ct. 

22  months .     , 

95  p.  ct. 

77  p.  ct. 

66  p.  ct. 

54  p.  ct. 

23  months .    , 

97  p.  ct. 

79  p.  ct. 

68  p.  ct. 

56  p.  ct. 

24  months .    . 

100  p.  ct. 

80  p.  ct. 

70  p.  ct. 

58  p.  ct. 

25  months .    , 

81  p.  ct. 

72  p.  ct. 

60  p.  ct. 

26  months .     . 

83  p.  ct. 

73  p.  ct. 

62  p.  ct. 

27  months ,     , 

85  p.  ct. 

74  p.  ct. 

64  p.  ct. 

28  months .     . 

86  p.  ct. 

75  p.  ct. 

66  p.  ct. 

29  months .    . 

88  p.  ct. 

77  p.  ct. 

68  p.  ct. 

30  months .     , 

90  pr.  ct. 

78  p.  ct. 

70  p.  ct. 

NO  OTHER  TABLE  TO  BE  USED. 


(OVER") 


GENERAL  RULES   AND   RATES 


76 


SHORT  RATE  TABLE  FOR  TERM  POLICIES. 

(Continued.) 


Time  the  Policy  has 

been  in  Force. 

Compute  from  date 

of  Policy 

If  written 

for 

Two  Years 

retain 

If  written 

for 

Three  Years 

retain 

If  written 

for 

Four  Years 

retain 

If  written 

for 

Five  Years 

retain 

31  months .     .    i     . 

32  months .     .     .     . 

91  p.  ct. 
93  p.  ct. 

95  p.  ct. 

96  p.  ct. 
98  p.  ct. 

100  p.  ct. 

79  p.  ct. 

80  p.  ct. 

82  p.  ct. 

83  p.  ct. 

84  p.  ct. 

85  p.  ct. 

87  p.  ct. 

88  p.  ct. 

89  p.  ct. 

90  p.  ct. 
92  p.  ct. 

,93  p.  ct. 

94  p.  ct. 

95  p.  ct. 

97  p.  ct. 

98  p.  ct. 

99  p.  ct. 
100  p.  ct. 

71  p.  Ct. 

72  p.  ct. 

73  p.  ct. 

74  p.  ct. 

75  p.  ct. 

76  p.  ct. 

77  p.  ct. 

78  p.  ct. 

79  p.  ct. 

80  p.  ct. 

81  p.  ct. 

82  p.  ct. 

83  p.  ct. 

84  p.  ct. 

85  p.  ct. 

86  p.  ct. 

87  p.  ct. 
88p.  ct 

89  p.  ct. 

90  p.  ct. 

91  p.  ct. 

92  p.  ct. 

93  p.  ct. 

33  months .... 

34  months .     .     .     . 

35  months .     .     .     . 

36  months.     .     . 

37  months  .... 

38  months .... 

39  months .... 

40  months .... 

:  .  .  .  . 

41  months .... 

42  months .... 

43  months .     i     ,     . 

44  months .... 

46  months .... 

46  months .... 

47  months .... 

48  months .... 

49  months .... 

50  months .... 

51  months .... 

52  months .... 

*         •          *          •          * 

53  months .... 

54  months .... 

94  p.  ct. 

55  months .... 

95  p.  ct. 

56  months .... 

96  p.  ct. 

57  months .... 

97  p.  ct. 

58  months .... 

98  p.  ct. 

59  months .... 

99  p.  ot. 

60  months .... 

100  p.  ct. 

NO  OTHER  TABLE  TO  BE  USED. 


5-2196. 


GENERAL   RULES   AND   RATES  77 


SOLE  OCCUPANCY. 

In  risks  not  specifically  rated,  but  written  under  General  Mini- 
mum Rates,  sole  occupancy  allowance  is  permitted  only  on  the 
stock  of  a  sole  occupant  having  a  f  prefixed  for  that  occupancy  in 
the  list  of  General  Minimum  Rates. 

No  allowance  to  specifically  rated  risks  for  Sole  Occupancy, 
Automatic  Fire  Alarm,  or  Automatic  Sprinklers  may  be  made  at  the 
counter,  but  all  such  allowances  shall  be  computed  in  the  Manager's 
office  and  the  resulting  net  rate  promulgated.    Circ.  722-4-12-05. 

Sole  occupancy  allowance  applies  only  in  and  on  buildings 
(Occupied  throughout  by  one  occupant,  for  one  business,  and  such 
allowance  may  not  be  made  where  the  insured  carries  on  a  business 
on  the  grade  floor  and  occupies  all  the  floors  above  the  grade  for 
his  own  dwelling.  Circ.  206,  R.  C.  2-9-01. 

Sole  Occupancy  Warranty  is  required  and  shall  read  as  follows: 
"Warranted  by  the  assured  that  the  building  herein  described  is 
occupied  exclusively  by  one  tenant."  Circ.  324,  M.  2-4-02. 

It  is  a  violation  to  give  privilege  "for  existing  and  other  occupa- 
tions," whether  in  those  words  or  others  of  similar  import,  upon 
policies  containing  warranty  for  sole  occupancy. 

Circ.  1093,   A.   C.   7-1-09. 


SOLICITORS. 

A  solicitor  must  be  a  salaried  employee  representing  one  office 
only,  and  the  representation  by  him  of  more  than  one  office  is  a 
violation  of  the  spirit  of  the  Agreement.   Circ.  1034,  A.  C.  12-16-08. 

STORES  AND  DWELLINGS. 

Buildings  (and  their  contents)  occupied  as  bakeries,  other  than 
retail,  furniture  stores,  hay  and  straw  dealers,  junk  stores,  oil  and 
petroleum  stores,  oiled  clothing  stores,  painters'  supply  stores  and 
(or)  painter  other  than  jobbing  painter  not  keeping  supplies,  photo- 
graph galleries,  printers,  rags,  waste  and  paper  stock  dealers,  up- 
holsterers, mattress  makers,  and  woodworkers,  are  subject  to  spe- 
cific rating  and  are  not  of  the  class  of  stores  and  dwellings  per- 
mitted to  be  written  by  Branch  Offices  under  Section  18,  paragraph 
(f),  and  the  commission  allowable  on  such  risks  shall  not  exceed 
15  per  cent.  Circ.  444,  A.  C.  12-22-02. 

A  jobbing  painter  with  usual  supplies  of  paint,  benzine,  etc.,  in  a 
building  occupied  above  grade  floor  for  dwelling  purposes  exclu- 
sively, takes  risk  out  of  the  store  and  dwelling  class  and  renders  the 
same  subject  to  specific  rate.  If  the  said  painter  keeps  only  his  lad- 
ders and  scaflfolds  and  a  few  paint  pots  of  the  day's  use,  but  no 
supplies,  the  risk  is  not  subject  to  specific  rate. 


/ 


/ 


• 


GENERAL  RULES  AND  RATES  78 

The  rule  requiring  that  certain  first  floor  occupancies  shall  re- 
move the  store  and  dwelling  risks  in  which  they  exist  from  the 
Branch  Office  class  does  not  operate  to  prevent  the  attachment  of 
the  Apartment  House  Personal  Property  Limitation  Clause  in  cases 
where  the  occupancy  above  the  first  floor  is  as  required  by  rule  on 
page  40  of  Hand   Book.  Circ.  1063,   M.  3-24-09. 

The  presence  in  a  store  and  dwelling  risk  of  a  confectioner  using 
a  gas  engine  does  not  take  such  risk  out  of  the  store  and  dwelling 
class.  Circ.  339,  R.  C.  3-10-02. 

The  presence  of  a  small  gas  engine  in  a  store  and  dwelling  risk 
does  not  operate  to  take  such  risk  out  of  the  store  and  dwelling 
class.  Circ.  403,  A.  C.  9-23-02. 

When  the  specific  rating  of  a  store  and  dwelling  risk  because  of 
height  and  area  results  in  the  promulgation  of  rates  no  higher  than 
the  regular  minimums  applying  thereto  no  application  for  re-rating 
on  account  of  a  change  of  occupancy  need  be  made,  unless  such 
change  involves  entry  into  the  risk  of  a  class  of  hazard  like  printers, 
upholsterers,  woodworkers,  etc.,  which,  under  the  rules,  takes  the 
risk  out  of  the  class  of  stores  and  dwellings  permitted  to  be  written 
by  Branch  Offices  and  makes  it  subject  to  specific  rating. 

Circ.  939-12-11-07. 

Where  a  store  and  dwelling  risk  is  occupied  by  a  "motion  pic- 
ture" lantern  exhibition  (Biograph,  Cinematograph,  Phantoscope, 
Vitascope,  etc.),  the  same  thereby  becomes  subject  to  specific  rating, 
and  no  endorsements  shall  be  made,  or  policies  written,  recognizing 
such  motion  picture  occupancy,  except  under  specific  rates  duly 
promulgated  in   cabinets.  Circ.  900-6-12-07. 

In  the  case  of  a  specifically  rated  dwelling  or  store  and  dwelling, 
the  card  for  which  bears  the  notation  "Branch  Office  Risk,"  it  is.  a 
violation  not  to  attach  the  Dwelling  Warranty  or  the  Store  and 
Dwelling  Warranty  (as  the  case  may  be)  to  policies  covering 
thereon.  Circ.  1104,  A.  C.  8-27-09. 

The  stipulation  required  by  the  rule  regarding  dwelling  occu- 
pancy above  grade  floor  must  take  the  form  of  a  warranty  as  fol- 
lows: "Warranted  by  the  assured  that  the  within  described  building 
is  occupied  exclusively  for  dwellings  above  the  first  or  grade  floor." 

Circ.  324,  M.  2-4-02. 

In  Buildings  formerly  high  stoop  dwellings,  the  floor  formerly 
the  parlor  floor  is  the  second  floor.  In  buildings  formerly  English 
basement  dwellings,  the  floor  formerly  having  the  main  entrance  is 
the  grade  floor. 

In  a  High  Stoop  risk  the  number  of  steps  leading  to  the  parlor 
floor  exceed  the  number  of  steps  leading  to  the  basement,  while 
in  an  English  basement  risk  the  number  of  steps  leading  to  the 
parlor  floor  are  less  than  those  leading  to  the  basement. 

Circ.  289,  R.  C.  11-6-01. 


GENERAL  RULES  AND  RATES  79 

«   ■         •  — - 

Where  dressmaking  and  (or)  millinery  are  carried  on  with  not 
more  than  five  hands  in  living  apartments  of  buildings  otherwise 
occupied  exclusively  as  dwellings  and  (or)  as  stores  with  exclusively 
dwellings  above  grade  floor,  such  limited  occupancy  shall  not  affect 
the  rate,  providing  there  is  no  salesroom  in  connection  with  the 
business  named;  and  the  usual  commission  payable  upon  dwellings 
or  stores  with  exclusively  dwellings  above,  may  be  allowed  upon 
policies  covering  such  limited  occupancy.    Circ.  197,  A.  C.  12-26-00. 

If  a  policy  is  issued  covering  store  and  dwelling  risk  with  warranty 
attached,  and  subsequently  a  request  is  made  to  remove  the  Store 
and  Dwelling  Warranty  for  the  reason  that  merchandise  is  then 
contained  above  first  floor,  the  company  must  cancel  the  policy  pro 
rata  and  re-write  to  expiration,  and  the  commission  upon  such  re- 
written policy  shall  not  exceed  that  which,  under  the  rules,  is  per- 
mitted to  be  paid  on  risks  other  than  those  which  may  be  written 
by  Branch  Managers,  viz:  15  per  cent.       Circ.  341,  A.  C.  3-12-02. 

If  a  policy  is  issued  covering  store  and  dwelling  risk  with  war- 
ranty attached,  and  subsequently  a  request  is  made  to  permit  occu- 
pancy of  the  store  for  hand  power  printer,  carpenter,  paint  store  or 
other  business  that  would  take  the  risk  out  of  the  class  that  Branch 
Managers  are  permitted  to  write,  the  Company  must  cancel  the 
policy  pro  rata  and  re-write  to  expiration,  and  commission  upon 
such  rewritten  policy  shall  not  exceed  that  which,  under  the  rules, 
is  permitted  to  be  paid  on  risks  other  than  those  which  may  be 
written  at  Branch  Offices,  viz:  15  per  cent.   Circ.  441,  R.  C.  12-16-02. 

SUBSTITUTION  OF  NEW  FORM  ON  POLICIES. 

Where  a  new  form  is  asked  to  be  substituted  on  policies,  the 
same  may  only  be  done  subject  to  the  rate  which  then  applies  to  the 
risk.  Circ.  734,  R.  C.  5-24-05. 

TERM  POLICIES. 

Annual  rate  the  first  year  and  75  per  cent  of  the  annual  rate  for 
each  subsequent  year.  Any  period  more  than  one  year  makes  a 
term  policy. 

No  policy  may  be  written  on  contents  of  any  rated  building 
occupied  for  mercantile  or  manufacturing  purposes  for  any  longer 
period  than  one  year  at  less  than  pro  rata  of  the  annual  rate  apply- 
ing thereto,  except  that  household,  store  and  office  furniture  and 
fixtures  in  use,  wherever  contained,  may  be  subject  to  rule  gov- 
erning the  insurance  of  building  for  a  term  of  years.         1-21-97. 

Contents  of  all  classes  of  stables,  except  private  family  stables, 
may  not  be  written  for  more  than  one  year  at  less  than  full  pro 
rata  rates.  Circ.  438-12-10-02. 

Pro  rata  renewals  may  not  be  made  on  Term  Policies,  such  re- 
newals being  permissible  only  on  annual  policies  or  on  policies 
issued  at  proper  short  rates  for  a  term  less  than  a  year,  and  in  no 
case  are  such  renewals  allowable  unless  made  within  10  days  from 
expiration  of  the  policy,  Circ.  289,  R.  C.  11-6-01. 


GENERAL  RULES  AND  RATES  80 

Pro  rata  renewals  for  period  less  than  a  year  may  not  be  made 
of  policies  covering  goods  contained  in  household  furniture  ware- 
houses. Circ.  1091  M.  6-26-09. 

TRANSFERS. 

Policies  transferred  from  one  risk  to  another  must  pay  the  rate 
of  the  new  location,  and  the  proper  premium,  if  higher  rate,  must 
be  charged  pro  rata. 

It  is  not  necessary  to  attach  the  Co-Insurance  Clause  to  policies 
covering  household  furniture  when  same  are  transferred  to  a  new 
locality  if  the  existing  contracts  did  not  under  the  rules  require 
co-insurance  to  be  attached  in  the  old  location,  and  if  the  new 
location  is  not  a  furniture  warehouse  or  apartment  hotel  or  other 
class  of  risk  where  co-insurance  was  required  on  household  fur- 
niture even  before  the  vote  of  May  10,  1905,  was  passed. 

Circ.  748,  R.   C.  7-1 1-05. 

Reinstatement  of  a  policy  after  a  fire  to  the  original  amount  is 
new  insurance,  and  may  be  done  at  pro  rata  rates,  subject  to  new 
rate  if  any. 

Increase  of  line  is  also  new  insurance  and  is  subject  to  new 
rate  if  any. 

It  is  not  permissible  to  transfer  insurance  from  a  storage  ware- 
house, private  or  public,  to  the  insured's  place  of  business  in  the 
Dry  Goods  District,  or  elsewhere,  upon  payment  of  the  proper  rate 
in  the  new  location.  Circ.  63,  R.  C.  8-4-99. 

It  is  not  permissible  to  transfer  insurance  from  the  insured's 
place  of  business  to  cover  in  a  storage  warehouse,  private  or 
public.  Circ.  69,  R.  C.  8-21-99. 

In  transferring  Household  Furniture  or  Stocks  of  Merchandise 
to  a  new  location,  if  the  transfer  is  to  a  building  not  rated  higher 
than  the  former  building  is  rated  at  the  time  of  such  transfer,  the 
same  may  be  made  without  extra  charge,  but  if  the  rate  at  the  new 
location  is  in  excess  of  the  present  rate  at  the  old  location,  addi- 
tional charge  must  be  made.  Circ.  88,  R.  C.  10-17-99. 

The  provisions  of  Section  16  of  Agreement  do  not  apply  to  the 
transfer  of  Personal  Household  Furniture  from  a  storage  ware- 
house to  a  dwelling.  Circ.  140,  A.  C.  6-1-00. 

A  policy  covering  household  furniture  may  be  transferred  to 
cover  in  a  storage  warehouse  at  the  pro  rata  charge  of  the  differ- 
ence in  rate  for  the  time  that  the  policy  covers  in  the  warehouse. 

Circ.  356,  A.  C.  4-15-02. 

In  transferring  policies  on  household  furniture  to  cover  in  risks 
coming  under  the  rates  for  Flat  Houses  it  is  not  necessary  to 
charge  additional  premium  unless  the  rate  in  new  location  on  basis 
of  new  rates  is  higher  than  the  rate  in  old  location  on  same  basis, 
in  which  case  the  difference  of  rate  must  be  charged  for. 

Circ.  363,  M.  4-30-02. 


% 


GENERAL  RULES  AND  RATES  81 


UNOCCUPIED  BUILDINGS. 

Not  to  include  buildings  in  course  of  construction  or  dwellings. 
Rate,  50  cents. 

Unoccupied  buildings  in  course  of  reconstruction  no  matter 
what  their  previous  occupancy  was,  whether  dwellings  or  other- 
wise, must  be  written  at  the  Unoccupied  building  rate  plus  district 
or  other  advance  (if  any)  plus  charge  for  builders  risk.  Unoccu- 
pied buildings  in  course  of  reconstruction  may  not  take  advantage 
of  the  rules  applying  to  buildings  in  course  of  construction. 

Circ.  1038,  M.  12-29-08. 

The  following  warranty  is  required  for  buildings  insured  as 
unoccupied: — 

"Warranted  by  the  assured  that  the  building  herein  insured  is 
unoccupied,  and  that  when  occupied,  in  whole  or  in  part,  this  Com- 
pany is  to  be  notified  and  rate  adjusted;  and  unless  so  notified  and 
endorsed  hereon  this  policy  shall  be  void."     Circ.  324,  M.  2-4-02. 

The  Unoccupancy  Warranty  is  not  required  on  policies  covering 
a  building  in  course  of  construction  if  same  at  completion  is  to  be 
of  a  class  that  a  Branch  Manager  may  write,  and  if  such  policies 
are  written  under  form  adopted  by  the  Exchange  July  9,  1902,  viz: 

"On building  while  in  course  of  construction  or  while 

occupied  for "  Circ.  468,  M.  2-24-03. 

The  Manager  will,  upon  application  and  after  verification  by 
survey,  re-rate  specifically  as  an  unoccupied  building  any  building 
in  course  of  construction  that  is  completed  and  awaiting  tenant. 

UNSAFE  HEATING  APPARATUS. 

When  unsafe  heating  apparatus  is  found  in  a  risk  a  charge 
therefor  is  made  in  the  rate,  which  charge  will  be  removed  if  the 
unsafe  conditions  are  remedied.  If  the  report  of  unsafe  conditions 
originates  with  the  New  York  Board,  the  rate  card  in  cabinet 
gives  a  reference  to  the  Board  Slip  on  which  the  risk  was  reported 
to  members,  and  in  such  cases  the  Board  must  be  consulted  as  to 
how  the  faulty  conditions  may  be  remedied.  When  no  reference 
is  made  on  card  to  a  Board  Slip  the  charge  originates  with  the 
Exchange,  and  this  office  should  be  consulted  as  to  a  remedy. 

Where  defects  in  heating,  electrical,  or  other  apparatus  are  re- 
ported by  the  New  York  Board  of  Fire  Underwriters  as  having 
remained  uncorrected  for  sixty  days,  the  Manager  is  authorized  to 
promulgate  an  increased  rate  thereon,  based  upon  an  addition  to 
rate  of  from  10  to  25  cents,  or  such  additional  amount  as  the  Rate 
Committee  may  determine.  Such  increase  of  rate  to  stand  until 
a  certificate  from  the  Board  that  such  defects  have  been  corrected 
is  presented  to  the  Manager,  when  such  increase  may  be  with- 
drawn. 7-30-95. 

Where  defects  in  heating,  electrical,  or  other  apparatus  in  risks 
located  within  the  territory  of  this  Exchange  are  reported  by  the 
National  Board  of  Fire  Underwriters  as  having  remained  uncor- 


GENERAL  RULES  AND  RATES  82 

rected  for  sixty  days,  the  Manager  is  authorized  to  promulgate  an 
increased  rate  on  such  risks  based  upon  the  addition  to  the  rate 
of  from  lo  to  25  cents,  or  such  additional  amount  as  the  Rate 
Committee  may  determine,  such  increase  of  rate  to  stand  until 
a  certificate  from  the  Board  that  such  defects  have  been  corrected 
is  presented  to  the  Manager,  when  such  increase  may  be  with- 
drawn. Circ.  1031-12-9-08. 


USE  AND  OCCUPANCY. 

Use  and  Occupancy  shall  take  same  rate  as  contents,  less  25  per 
cent,  but  in  no  case  to  be  less  than  the  building  rate;  and  if  there 
be  more  than  one  tenant  the  contents  rate  for  each  tenant  shall 
govern.  If  a  tenant  has  more  than  one  contents  rate,  his  highest 
rate  shall  be  used.  Circ.  739-6-14-05. 

Same  rules  and  commissions  as  the  building;  the  80  per  cent 
Average  Clause  need  not  be  attached,  and  no  allowance  may  be 
made  for  the  100  per  cent  Average  Clause.  10-30-96. 

Policies  covering  use  and  occupancy,  or  other  interest  dependent 
on  duration  of  interruption  of  business  because  of  fire,  and  naming 
a  per  diem  indemnity,  must  limit  such  per  diem  indemnity  to  not 
exceeding  l/300th  of  their  face  amounts.        Circ.  1122-11-11-09. 

WAIVER  CLAUSES  IN  VIOLATION. 

Clauses  or  phrases  waiving  in  general  terms  any  condition  of 
the  printed  policy  contract  are  ruled  against  when  they  permit  the 
establishment  of  a  hazard  greater  than  contemplated  by  rate  in 
cabinet  or  tend  to  cover  property  excluded  by  the  printed  con- 
ditions of  the  policy.  A  complete  list  of  such  objectionable  clauses 
is  impossible,  but  examples  of  some  are  as  follows: — 

"Errors  and  omissions  in  description  of  the  property  shall  not 
prejudice  this  policy." 

"Errors  and  omissions  in  the  description  of  the  location  shall 
not  prejudice  this  policy." 

"Errors  and  omissions  in  the  description  of  the  property  or 
location  of  the  property  shall  not  prejudice  this  policy." 

"Any  errors  in  the  description,  situation  or  location  of  any 
building  or  property  mentioned  in  this  schedule  shall  not  operate 
to  the  prejudice  of  the  assured." 

"And  all  articles  not  otherwise  enumerated." 

"  It  is  understood  and  agreed  that  this  insurance  shall  not  be 
invalidated  by  any  tenant  in  said  building,  providing  the  owner 
notify  this  Company  of  any  increase  of  hazard  which  shall  come 
to  his  knowledge  or  in  case  the  knowledge  of  such  act  or  neglect 
has   come  to  the  New  York  Board   of  Fire  Underwriters." 

Circ.  525,  A.  C.  7-23-03. 


% 


GENERAL  RULES  AND  RATES  83 

"In  case  of  total  or  partial  loss  on  pictures  this  Company  is  to 
pay  full  amount  insured  on  all  pictures  damaged  or  destroyed,  the 
damaged  articles  becoming  the  property  of  the  Insurance  Com- 
pany," is  in  violation  of  the  Standard  Policy,  which  provides  that 
"it  shall  be  optional  with  this  Company  to  take  all  or  any  part  of 
the  articles  at  such  ascertained  or  appraised  value,  etc." 

Circ.  743,  A.  C.  6-26-05. 

A  clause  reading,  "This  policy  shall  not  be  invalidated  by  any 
act  or  neglect  of  any  tenant,  or  sub-tenant,  or  occupant,  or  by  the 
occupation  of  the  premises  for  purposes  more  hazardous  than  per- 
mitted by  this  policy,  or  by  the  erection  or  occupation  of  adjacent 
buildings,"  is  in  violation.  Circ.  98,  R.  C.  12-8-99. 

The  writing,  or  attachment,  or  appending,  or  granting,  of  a 
Mortgagee  Clause  reading  inter  alia  "without  deduction  by  reason 
of  the  provisions  of  any  average,  co-insurance  or  percentage  clause 
contained  in  the  policy,"  or  words  to  that  effect,  or  the  writing  or 
issuing  of  policies  under  an  agreement  or  with  the  understanding 
that  the  same  are  to  be  considered  as  having  such  a  Mortgagee 
Clause  attached,  is  a  violation.  Circ.  792,  A.  C.  2-2-06. 

The  words  "and  on  other  property  whether  required  to  be  spe- 
cifically mentioned  or  not"  or  the  words  "and  on  other  personal 
property,"  or  any  words  of  similar  purport  and  effect  in  a  house- 
hold furniture  form  are  in  violation,  where  such  phrases  undertake 
in  general  terms  to  cover  articles  which  the  Standard  Policy  de- 
clares to  be  excluded  unless  specifically  mentioned. 

Circ.  941,  A.  C.  12-17-07. 

A  clause  reading,  "It  is  understood  and  agreed  that  this  insur- 
ance is  not  prejudiced  by  change  of  interest  subsequent  to  the  date 
of  this  policy,"  is  contrary  to  the  rules,  and  will  be  considered  a 
violation.  Circ.  370,  A.  C.  5-24-02. 

All  of  the  foregoing  and  others  of  similar  purport  have  been 
declared  to  be  in  violation. 


WAREHOUSEMAN'S  POLICIES. 

Policies  covering  for  Warehouseman  on  Accrued  Charges  on 
property  in  his  storage  warehouse  (unless  rated  as  a  Listed  Storage 
Store  under  Exchange  Mercantile  Schedule,  or  as  a  Furniture 
Storage  Warehouse)  may  be  written  on  a  rent  basis;  that  is,  build- 
ing rate,  less  25  per  cent,  for  100  per  cent  Average  Clause. 

12-2-96. 

If  warehouse  is  rated  as  a  Listed  Storage  Store  under  Exchange 
Mercantile  Schedule,  rate  for  Accrued  Charges  is  obtained  by  add- 
ing 35  cents  to  the  base  rate  shown  on  card. 

Circ.  358,  S.  W.  C.  4-17-02. 

Accrued  Charges  in  Furniture  Storage  Warehouses  take  same 
rate  as  contents.  Circ.  387-7-9-02. 


GENERAL  RULES  AND  RATES  84 

In  warehouses  rated  as  Listed  Storage  Stores  under  Exchange 
Mercantile  Schedule,  Warehouseman's  Error  and  Omission  Policies 
shall  take  a  rate  based  upon  a  charge  of  25  cents  being  added  to 
base  rate  of  warehouse  covered.  No  co-insurance  clause  required. 
Policies  covering  blanket  in  more  than  one  warehouse  may  not  be 
written.  Circ.  701,  S.  W.  C.  2-10-05. 

Warehouseman's  Furniture  and  Fixtures,  Tools  and  Implements 
used  in  his  business  shall  take  a  rate  based  upon  a  charge  of  25 
cents  being  added  to  base  rate  of  warehouse  covered. 

Improvements  to  building  owned  by  Warehouseman  may  be 
insured  with  above  if  desired. 


Clauses,    Privileges    and   Warranties. 


APARTMENT  HOUSE  PERSONAL  PROPERTY 

LIMITATION  CLAUSE. 

The  following  clause  may  be  attached  at  the  building  rate  to 
policies  on  buildings  occupied  for  apartment  houses: — 

"Personal  property,  if  any,  belonging  exclusively  to  the  assured 
hereunder  and  in  actual  use  solely  for  the  furnishing  of  such 
apartments,  viz.:  oil  cloths,  carpets,  and  matting  on  halls  and  stairs; 
and  window  shades  contained  therein;  also  awnings  belonging  to 
said  building  attached  to  or  stored  therein;  also  fuel  contained  and 
intended  for  use  therein;  are  covered  hereunder." 

Circ.  884-3-12-07. 

The  Apartment  House  Personal  Property  Limitation  Clause  may 
be  attached  only  to  policies  covering  buildings  occupied  for  Apart- 
ment Houses,  and  may  not  be  used  on  policies  covering  buildings 
occupied  as  dwellings  or  occupied  as  stores  and  dwellings,  unless 
the  occupancy  of  the  latter  above  grade  floor  is  for  an  apartment 
house,  as  defined  by  the  Arbitration  Committee,  viz:  a  building  in 
which  apartments  are  rented  to  tenants  whose  housekeeping  is 
conducted  in  their  own  apartments  respectively. 

If  a  Dwelling  House  form  includes  "shades,  mats,  carpets  and 
other  floor  coverings,"  or  other  items  of  personal  property  properly 
insurable  as  contents  of  such  dwelling,  the  entire  policy  must  take 
the  highest  contents  rate  instead  of  the  usual  building  rate. 

Circ.  118,  R.  C.  2-13-00. 

The  rule  requiring  that  certain  first  floor  occupancies  shall  re- 
move the  store  and  dwelling  risks  in  which  they  exist  from  the 
Branch  Office  class  does  not  operate  to  prevent  the  attachment  of 
the  Apartment  House  Personal  Property  Limitation  Clause  in  cases 
where  the  occupancy  above  the  first  floor  is  as  required  by  rule  on 
page  40  of  Hand  Book.  Circ.  1063,  M.  3-24-09. 

The  attachment  of  the  Apartment  House  Personal  Property 
Limitation  Clause  is  permissible  only  upon  policies  covering  build- 
ings occupied  for  apartment  houses,  and  "two-family  houses"  are 
not  apartment  houses.  Accordingly  if  shades,  mats,  carpets,  and 
similar  items  of  personal  property  contained  in  two-family  houses 
are  desired  to  be  insured  on  behalf  of  the  owner  of  the  building 
they  must  be  written  under  a  separate  item  and  at  the  rate  for 
contents.  Circ.  1114,  M.  10-11-09. 

85 


CLAUSES,   PRIVILEGES  AND  WARRANTIES  86 


APPRAISALS  FOR  CO-INSURANCE. 

When  it  is  desired  to  insure  buildings  held  by  trustees,  ex- 
ecutors, administrators,  or  others  acting  in  a  fiduciary  capac- 
ity on  behalf  of  minor  heirs  or  incompetent  persons,  and  such 
parties  wish  to  have  fixed  in  advance  the  amount  that  may  be  re- 
quired to  comply  with  the  provisions  of  the  Co-Insurance  or  Aver- 
age Clause,  they  may,  at  their  own  expense,  procure  an  estimate  of 
such  insurable  value  from  one  or  piore  of  the  appraisers  elected 
by  this  Exchange  as  hereinafter  provided. 

Circ.  935,  1162,  11-13-07,  6-9-10. 

Such  Appraisers  shall  be  residents  of  the  Metropolitan  District; 
they  shall  be  practical  builders  in  good  standing.  They  shall  in  each 
case  be  recommended  to  the  Exchange  in  writing  by  not  less  than 
five  (5)  of  its  members.  When  so  recommended  they  shall  first  be 
approved  by  the  Executive  Committee,  and  when  so  approved  their 
names  shall  be  submitted  by  the  Manager,  by  circular,  to  each 
member,  not  less  than  one  week  prior  to  any  regular  meeting,  and 
when  action  is  taken,  the  affirmative  vote  of  80  per  cent  of  those 
present  and  voting  shall  be  necessary  to  an  election. 

Any  Appraiser  elected  by  this  Exchange  who  shall  be  charged 
by  any  member  with  having  abused  the  trust  reposed  in  him,  shall, 
on  the  motion  of  any  member,  after  one  week's  notice  has  been 
given  in  writing,  have  his  name  expunged  from  the  list  of  Ap- 
praisers by  a  majority  vote  of  the  Exchange  at  any  regular  meeting. 

The  certificate  to  be  given  by  such  Appraiser  shall  read  as 
follows: 

Either,  No.  1. — I  hereby  certify  that  I  have  carefully  examined 

the story building  and  additions,  situate 

No Street,  and  occupied  for 

purposes,  and  after  taking  its  dimensions  and  figuring  upon  the 
present  cost  of  erecting  a  new  building  similar  in  size  and  construc- 
tion to  that  now  existing,  and  making  a  proper  allowance  for  depre- 
ciation, I  am  of  opinion  that  the  present  value  of  same,  including 
permanent  fixtures,  but  excluding  cost  of  excavations  and  founda- 
tions, does  not  exceed  the  sum  of dollars  ($ ). 

N.  B. — A  round  sum  must  be  given. 

Or,  No.  2. — I  hereby  certify  that  I  have  carefully  examined  the 

story building  and  additions,  situate 

No Street,  and  occupied  for purposes,  and 

after  taking  its  dimensions  and  figuring  upon  the  present  cost  of 
erecting  a  new  building  similar  in  size  and  construction  to  that  now 
existing,  and  making  a  proper  allowance  for  depreciation,  I  am  of 
opinion  that  the  present  value  of  same,  including  permanent  fixtures, 
but  excluding  cost  of  excavations,  does  not  exceed  the  sum  of 
dollars   ($ ). 

N.  B. — A  round  sum  must  be  given. 

Upon  the  receipt  by  the  Manager  of  such  Certificate  from  an  ap- 
praiser regularly  elected,  accompanied  by  an  affidavit  in  such  form 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  87 

^11  I.       !■■■—     ■l^^■l      I.       ..i.-—^.— ■_     —  I  I  ,^,^.m  I  .1 ■        I.     ■^_        ■      I        ---— .     »,»,  I  ■—■■■■    I  .      ^— —^M^ 

as  the  Executive  Committee  may  require,  he  shall  present  same  to  the 
Executive  Committee  for  approval,  and  when  so  approved  he  shall 
promulgate  such  fact  upon  the  rate  card,  stating  that  such  Certifi- 
cate has  been  filed  with  him,  giving  the  name  of  the  Appraiser  and 
the  amount  certified  to,  and  upon  the  promulgation  of  such  Certifi- 
cate (but  not  before)  any  member  may  endorse  upon  his  policy 
covering  such  building  a  clause  which  shall  read  as  follows: — 

Circ.  935-11-14-07. 

"Upon  the  Certificate  of (name  to  be  given) 

filed  with  the  New  York  Fire  Insurance  Exchange,  and 

dated 19. .,  it  is  hereby  agreed  that  the  maintaining  of 

insurance  of dollars  ($. .)  on  the  building  described  herein 

(including)  (excluding)  excavations  and  foundations,  is  a  compli- 
ance with  the  conditions  of  the  Average  Clause  hereto  attached." 

The  amount  to  be  specified  in  the  foregoing  endorsement  shall  be 
not  less  than  80  per  cent  of  the  sum  certified  to  by  the  Appraiser, 
if  the  80  per  cent  clause  be  attached,  and  not  less  than  the  full  sum 
if  the  100  per  cent  Average  Clause  is  used. 

In  the  event  of  two  or  more  Certificates  applying  to  one  and  the 
same  building  being  filed  with  the  Manager  at  the  same  time  by 
different  Appraisers,  the  Executive  Committee  is  directed  to  accept 
that  which  shall  specify  the  greater  amount.  The  Executive  Com- 
mittee may,  at  its -discretion,  call  for  a  new  Certificate  upon  any 
property,  and  thereupon  the  existing  Certificate  shall  be  considered 
as  no  longer  approved  by  the  Executive  Committee  and  record 
thereof  shall  be  removed  from  the  rate  cards  of  the  Exchange. 

Circ.  589-2-10-04. 

No  Appraiser's  certificate  shall  be  approved,  and  no  endorse- 
ment relating  thereto  shall  be  made  upon  the  policy,  except  in  the 
form  above  provided — verbatim  et  literatim.  2-20-96. 

When  appraisals  for  co-insurance  purposes  are  filed  upon  risks 
not  subject  to  specific  rating,  thereby  necessitating  promulgation  of 
a  card  to  set  forth  such  appraisal,  the  sum  of  $1.50  must  be  paid 
before  card  will  be  promulgated. 

Until  otherwise  ordered  by  vote  of  the  Exchange  the  number 
of  appraisers  for  co-insurance  purposes  shall  not  exceed  twenty,  and 
the  Executive  Committee  is  instructed  to  recall  at  any  time  the 
appointment  of  any  appraiser  whose  record  of  appraisals  turned 
in  goes  to  show  that  there  is  no  adequate  demand  for  his  services, 
due  notice  of  such  recall  being  given  to  all  members  of  the  Ex- 
change, Circ.   900-6-12-07. 

APPRAISERS. 

Authorized  under  rule  relating  to  valuation  of  buildings  as  a 
basis   fgr   the   Average   Clause: — 

Barrow,  William,  62-64  William  Street,  New  York  City. 
Buckley,  O.  K.,  28  Lenox  Road,  Borough  of  Brooklyn. 
Carl,  John  H.,  510-514  First  Avenue,  New  York  City. 


CLAUSES,   PRIVILEGES   AND   WARRANTIES  88 

Clark,  J.  W.,  86  Roosevelt  Street,  New  York  City. 
Eidlitz  &  Son,  Marc.,  489  Fifth  Avenue,  New  York  City. 
Hawkes,  Henry,  46  Cedar  Street,  New  York  City. 
Herman's  Son,  Philip,  407  West  14th  Street,  New  York  City. 
Hines,  Frank  H.,  104  West  124th  Street,  New  York  City. 
Moore,  William  J.,  1  West  68th  Street,  New  York  City. 
Schumann,  Charles  H.,  280  Broadway,  New  York  City. 
Small,  Franklin  H.,  365  Broadway,  New  York  City. 
Webster,   Frederick,   16  Cedar  Street,  New  York  City. 
Webster,  Lewis  C,  59  William  Street,  New  York  City. 

AUTOMATIC  FIRE  ALARM  CLAUSE. 

The  entire  building  containing  the  property  hereby  insured 
having  been  equipped  with  the  Automatic  Fire  Alarm  Signal  Tele- 
graph, in  accordance  with  the  Rules  and  Regulations  of  the  New 
York  Board  of  Fire  Underwriters,  and  a  certificate  to  that  effect 
issued  by  authority  of  said  Board,  this  policy  is  issued  at  a  reduced 
rate  of  premium;  and  in  consideration  of  such  reduced  rate,  it  is 
hereby  made  a  condition  of  this  policy  that  the  ^g^llTJ^ci  §lja,ll.  uSiA, 
due  diligence  that  such  equipment  shall  continue  to  be  maintained 
during  the  full  term  of  this   insurance.  6-20-95. 

AUTOMATIC  SPRINKLER  CLAUSE. 

Required  on  all  policies  covering  risks  having  an  approved 
sprinkler   system: — 

It  is  hereby  made  a  condition  of  this  policy  that  the  insure^ 
sh|j]J^j|S(^  due  diligence  to  maintain  in  full  working  order  during 
tne  term  of  this  insurance  the  automatic  sprinkler  equipment  now  in 
use,  and  that  no  change  shall  be  made  in  such  system  without  the 
approval  of  the  New  York  Fire  Insurance  Exchange  or  the  New 
York  Board  of  Fire  Underwriters,  and  that  if  such  sprinkler  equip- 
ment is  not  automatically  connected  with  a  central  fire  alarm  sta- 
tion in  a  manner  approved  by  said  Exchange  or  Board,  the  insured 
shall  maintain  a  watchman  with  an  approved  watch  clock  during 
the  hours  when  the  premises  are  not  regularly  in  operation,  and 
when  closed  or  whenever  such  automatic  fire  alarm  signal  station 
is  temporarily  disconnected.  Circ.  72:&,  773-6-14-05,  11-8-05. 

Where  rate  card  requires  a  warranty  for  steam  pump  members 
must  add  after  the  word  "use"  (4th  line)  in  above  clause  the  words, 
"and  also  steam  sufficient  to  operate  the  steam  pump  connected 
with  said  equipment." 

AUTOMO'BILE  STORAGE  STABLES ;  GARAGES. 

Where  cards  covering  rates  in  automobile  storage  stables  call 
for  a  warranty  as  to  the  number  of  automobiles  to  be  stored,  or  as 
to  the  quantity  of  gasolene  permitted,  or  similar  requirements,  such 
warranty  shall  be  required  only  on  policies  covering  the  owners 
of  the  buildings  and  the  proprietors  of  sux:h  storage  stables. 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  89 


CLEAR  SPACE  WARRANTY. 

When  rate  card  in  cabinet  calls  for  the  maintenance  of  a  clear 
space,  the  following  form  of  warranty  shall  be  used: — 

"Warranted  by  the  assured  that  a  clear  space  of feet 

shall  hereafter  be  maintained  between  the  property  hereby  in- 
sured and  any  woodworking  or  manufacturing  establishment  or 
dry  kiln,  and  that  said  space  shall  not  be  used  for  the  handling  or 
piling  of  lumber  thereon  for  temporary  purposes;  tramways,  upon 
which  lumber  is  not  piled,  alone  being  excepted;  but  this  shall  not 
be  construed  to  prohibit  loading  or  unloading  within,  or  the  trans- 
portation of  lumber  and  timber  products  across  such  clear  space; 
it  being  specially  understood  and  agreed  by  the  assured  that  any 
violation  of  this  warranty  shall  render  this  policy  null  and  void." 

Giro.  178-11-14-00. 


CLAUSE  COVERING  PROPERTY  HELD  ON  STORAGE 

AND/OR  FOR  REPAIRS. 

The  following  clause  shall  be  attached  to  policies  covering 
property  held  on  storage  or  for  repairs  and  on  which  a  limitation 
as  to  liability  for  loss  by  fire  shall  have  been  fixed  or  agreed  upon, 
it  being  understood  that  the  clause  shall  apply  only  in  those  cases 
where  the  rate  card  so  states,  and  that  where  the  rate  card  does 
not  so  state  and  the  member  issuing  the  policy  has  information 
that  goods  are  received  which  come  within  the  terms  of  the  clause 
the  mepiber  issuing  the  policy  shall  notify  the  Exchange  that  the 
proper  notification  may  be  placed  on  the  card: — 

"In  case  of  loss  upon  property  held  by  the  insured  on  storage 
and/or  for  repairs,  and  on  which  a  limitation  as  to  liability  of  the 
insured  to  the  owner  or  owners  for  loss  by  fire  shall  have  been 
fixed  or  agreed  upon,  by  the  issue  of  receipt  or  otherwise,  it  is 
agreed  that  the  'actual  cash  value'  of  such  property  within  the 
meaning  of  the  'Average  Clause'  hereto  attached  and  Line  1  of  the 
printed  conditions  of  the  policy,  and  the  'ascertained  or  appraised 
value'  of  such  property,  within  the  meaning  of  Line  4  of  said 
printed  conditions,  shall  in  no  case  exceed  the  amount  of  such 
limit  of  liability  so  fixed  or  agreed  upon;  and  the  optional  right  of 
this  company  to  take  the  whole  or  any  part  of  such  property,  pro- 
vided for  in  Lines  4  and  5  of  said  printed  conditions  (as  thus  inter- 
preted) shall  be  secured  to  this  company  by  the  insured,  on  demand, 
or  claim  for  loss  thereon  wholly  waived."         Girc.  1139-2-10-1910. 

CLAUSES  MUST  BE  ATTACHED  IN  FULL. 

When  a  clause  of  any  kind,  approved  or  sanctioned  by  the 
Exchange,  is  required  to  be  attached  to  or  is  called  for  upon  a 
policy,  it  must  be  written,  printed  or  stamped  thereon  or  attached 
thereto  in  full;  and  any  words,  phrases  or  expressions  conveying 
the  idea  that  such  clause  is  made  and  is  to  be  considered  a  part 
of  the  policy  contract  by  being  merely  mentioned  or  referred  to 


? 


CLAUSES,   PRIVILEGES  AND  WARRANTIES  90 

.  — — " 

by  name,  such  as  "all  rights,  benefits  and  privileges  of  the  follow- 
ing standard  clauses  granted,  whether  affixed  or  attached  hereto, 
or  stamped  or  endorsed  hereon  or  not,  viz.:  Lightning,  Electric 
Light  and  Motor,  Mechanic's  Permit,  Work  and  Materials,"  are 
a  violation.  Circ.  708,  A.  C.  3-8-05. 

CONSEQUENTIAL  LOSS  EXCLUSION  CLAUSE  IN 

COLD  STORAGE  STORES. 

The  following  clause  shall  be  attached  to  policies  covering  on 
merchandise  in  cold  storage  stores  receiving  their  refrigeration 
from   a   central   plant   or   other   outside   source: — 

"This  Company  shall  not  be  liable  under  this  policy  for  loss 
occasioned  through  partial  or  total  disablement  of  aviy  refrigerating 
plant  or  by  interruption  of  connection  therewith,  whether  such 
disablement  or  interruption  is  caused  by  fire  or  otherwise." 

J  Policies  written  on  risks  involving  cold  storage  hazard   (other 

v/     than  breweries)  may  be  written  at  the  Exchange  rate  if  the  Con- 
sequential Loss  Exclusion  Clause  is  attached. 

In  the  case  of  cold  storage  stores  supplied  from  a  duplicate 
refrigerating  plant,  the  Rate  Committee  may,  at  its  discretion, 
authorize  the  omission  of  the  Consequential  Loss  Exclusion 
Clause,  such  fact  being  stated  along  with  promulgations  of  the 
rate.  Circ.   142-6-14-00. 

Double  the  Exchange  rate  shall  be  charged  on  policies  written 
on  risks  (other  than  breweries)  involving  cold  storage  hazard  if 
written  without  the  above  clause  being  attached. 

Circ.  142-6-14-00. 

The    Consequential    Loss    Exclusion    Clause   must  be   attached 
(        not   only   to   policies    covering   in   cold   storage    stores   but  to   all 
policies   on   risks    (other   than   breweries)    involving   cold   storage 
hazard.  Circ.  165,  M.  9-24-00. 


J 


The  Consequential  Damage  Exclusion  Clause  must  be  attached 
to  policies  covering  goods  on  cold  storage  in  Hudson  River  Stores. 

Circ.  130,  R.  C.  5-24-00. 

DISTRIBUTION  CLAUSE. 

"It  is  understood  and  agreed  that  the  amount  insured  by  this 
policy  shall  attach  in  each  of  the  above-named  premises  in  that 
proportion  of  the  amount  hereby  insured  that  the  value  of  property 
covered  by  this  policy,  contained  in  each  of  said  places,  shall  bear 
to  the  value  of  such  property  contained  in  all  of  above-named 
premises." 

DWELLING  AND  FLAT  HOUSE  WARRANTIES. 

To  cover  the  distinction  between  "Dwellings"  and  "Flat  Houses" 
one  or  the  other  of  the  following  warranties  shall  be  used: — 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  W 

—  -  -  .  .    - —  -« 

Dwelling  Warranty:  "Warranted  by  the  assured  that  the  within 
described  building  is  occupied  exclusively  for  dwelling  purposes 
by  not  more  than  two  families." 

Or  include  in  the  form  the  words:  "While  occupied  exclusively 
for  dwelling  purposes  by  not  more  than  two  families." 

Circ.  355-4-9-02. 

Flat  House  Warranty:  "Warranted  by  the  assured  that  the 
within  described  building  is  occupied  exclusively  for  dwelling 
purposes." 

Or  include  in  the  form  the  words:  "While  occupied  exclusively 
for  dwelling  purposes."  Circ.  355-4-9-02. 

The  presence  of  boarders  in  a  dwelling  does  not  remove  such 
risk  from  the  dwelling  house  class.  Circ.  373,  M.  6-3-02. 

In  the  case  of  a  specifically  rated  dwelling  or  store  and  dwell- 
ing, the  card  for  which  bears  the  notation  "Branch  Office  Risk," 
it  is  a  violation  not  to  attach  the  Dwelling  Warranty  or  the  Store 
and  Dwelling  Warranty  (as  the  case  may  be)  to  policies  covering 
thereon.  Circ.  1104,  A.  C.  8-27-09. 

DYNAMO  CLAUSE. 

On  all  policies  covering  dynamos  or  other  electrical  apparatus 
mentioned  in  the  following  clause,  such  clause  must  be  attached: — 

"This  insurance  shall  not  cover  any  loss  or  damage  to  dynamos, 
exciters,  lamps,  motors,  switches  or  any  other  apparatus  for  gen- 
erating, utilizing,  testing,  regulating  or  distributing  electricity, 
caused  by  electric  current,  whether  artificial  or  natural." 

The  following  clause  may  be  used  in  Electric  Light  and  Power 
Stations  instead  of  the  regular  Dynamo  Clause,  but  one  or  the 
other  must  be  used: — 

"This  insurance  shall  not  cover  any  loss  or  damaee  to  dynamos, 
exciters,  lamps,  motors,  switches  or  any  other  apparatus  for  gen- 
erating, utilizing,  testing,  regulating  or  distributing  electricity, 
caused  by  electric  current,  whether  artificial  or  natural,  where  the 
cause  of  loss  or  damage  originates  within,  and  the  loss  or  damage 
is  confined  exclusively  to  said  dynamo,  exciter,  lamp,  motor,  switch 
or  other  apparatus  as  above  referred  to."  5-21-96. 

A  building  policy  covering  premises  occupied  as  a  power  house 
and  electric  light  station  with  form  including  "electric  apparatus, 
dynamos,  engines,  boilers  and  connections,"  requires  the  lOO  per 
cent  Average  Clause.  Circ.  58,  M.  7-25-99. 

When  a  policy  on  Furniture  and  Fixtures  is  so  worded  as  to 
make  it  cover  dynamos  or  electrical  apparatus  of  any  descrip- 
tion (whether  exciters,  lamps,  motors,  switches  or  any  other  ap- 
paratus for  generating,  utilizing,  testing,  regulating  or  distributing 
electricity)    the    Dynamo    Clause    as    set    forth    above    must    be 


CLAUSES,   PRIVILEGES  AND  WARRANTIES  92 

attached  to  policies.  Attention  is  called  to  the  fact  that  it  is  not 
necessary  that  the  electrical  apparatus  shall  be  mentioned  in  specific 
terms,  the  clause  being  required  to  be  attached  if  the  wording  of 
the  policy  is  such  as  to  cover  dynamos  or  electrical  apparatus  of 
any  description  whatever.  Circ.  352,  R.  C.  4-7-02. 

For  Dynamo  Clause  covering  Telephone  and  Telegraph  Station 
Plant,  see  page  98. 

EIGHTY  PER  CENT  AVERAGE  CLAUSE. 

New  York  Standard  80  per  cent  Averdge  Clause,  with  Exemp- 
tion of  Special  Inventory  or  Appraisement  in  certain  cases,  is  as 
follows: 

"This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the  sum 
hereby  insured  bears  to  eighty  per  centum  (80%)  of  the  actual 
cash  value  of  said  property  at  the  time  such  loss  shall  happen. 

"In  case  of  claim'  for  loss  on  the  property  described  herein,  not 
exceeding  five  per  cent  (5%)  of  the  maximum  amount  named  in 
the  policies  written  thereon  and  in  force  at  the  time  such  loss  shall 
happen,  no  special  inventory  or  appraisement  of  the  undamaged 
property  shall  be  required. 

"If  the  insurance  under  this  policy  be  divided  into  two  or  more 
items,   these  clauses  shall  apply  to  each  item  separately." 

If  desired  to  be  used  without  exemption  of  special  inventory  or 
appraisement,  the  form  of  this  clause  shall  be  as  follows: — 

"This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the  sum 
hereby  insured  bears  to  eighty  per  centum  (80%)  of  the  actual 
cash  value  of  said  property  at  the  time  such  loss  shall  happen. 

"If  the  insurance  under  this  policy  be  divided  into  two  or 
more  items,  this  Average  Clause  shall  apply  to  each  item  sepa- 
rately." Circ.  345-3-13-02. 

For  eighty  per  cent  Average  Rules,  see  page  59. 

No  other  clause  than  the  above  and  no  modification  of  the  above 
clause  may  be  used. 

No  guarantee  of  a  stated  amount  may  be  substituted  or  added 
so  as  to  interfere  with  the  free  operation  of  the  above  clause, 
except  in  accordance  with  rule  for  Appraisals  for  Co-Insurance. 

3-3-96. 

The  rates  of  this  Exchange  being  based  upon  the  carrying  of 
insurance  equal  to  at  least  80  per  cent  of  the  value  of  the  property, 
any  exclusion  in  the  policy  form  of  any  portion  of  the  property 
rated,  except  foundations  below  the  level  of  the  ground,  amounts 
to  an  unauthorized  reduction  of  rate  and  is  a  violation. 

Circ.  421,  R.  C.  10-28-02. 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  93 

Wherever  in  the  rules  and  rulings  of  this  Exchange  the  words 
"80  per  cent  co-insurance"  occur,  the  words  "80  per  cent  average" 
are  hereby  substituted,  and  wherever  the  words  "full  co-insurance" 
occur,  the  words  "one  hundred  per  cent  average"  are  hereby  sub- 
stituted therefor,  except  where  such  rules  and  rulings  apply  to 
risks  situate  in  New  Jersey,  or  to  Floater  Forms  Nos.  i  to  8  or 
risks  insured  thereunder.  Circ.  345-3-13-02. 

ELECTRIC  LIGHT  CLAUSE. 

All  policies  issued  within  the  jurisdiction  of  this  Exchange  must 
have  stamped  thereon,  or  attached  thereto,  the  following  clause: — 

"New  York  Standard  Clause  Forbidding  the  Use  of  Electricity. 
— This  entire  policy  shall  be  void  if  electricity  is  used  for  light,  heat 
or  power  in  the  above-described  premises  unless  written  permission 
is  given  by  this  Company  hereon." 

Permission  for  the  use  of  electricity,  the  above  Forbidding 
Clause  being  first  attached  to  policy,  may  be  given  in  any  one 
of  the   following  forms: — 

"Privileged  to  use  electricity  in  the  above-mentioned  premises 
for  light  (*);  it  being  hereby  made  a  condition  of  this  policy  that 
where  the  equipment  is  owned  or  controlled  in  whole  or  in  part 
by  the  assured,  a  Certificate  shall  be  obtained  from  the  New  York 
Board  of  Fire  Underwriters,  and  that  no  alterations  shall  be  made 
in  that  portion  of  the  equipment  owned  or  controlled  by  the  assured 
after  Certificate  is  issued  without  notice  thereof  being  given  to  the 
said  Board." 

(*)   Insert  "and   (or)   heat"  "and  (or)  power"  if  desired. 

Circ.  519,  617-7-8-03,  4-13-04. 
The  words  "and  (or)  heat  and  (or)  power"  may  be  inserted 
in  the  Electric  Light  Clause,  provided  the  power  is  used  only  for 
purposes  other  than  manufacturing  (such  as  warming  heaters, 
running  elevators,  fans,  etc.),  but  if  power  is  used  for  manufactur- 
ing purposes  it  makes  the  risk  a  special,  and  classes  it  as  a  manu- 
facturing risk  using  power,  and  rate  must  be  charged  accordingly. 

Circ.   145-6-25-00. 

For  policies  covering  buildings  in  course  of  construction  over 
the  electrical  equipment  of  which  the  insured  has  no  control,  the 
following  form  shall  be  used,  the  Forbidding  Clause  being  first 
attached: — 

"Privileged  to  use  electricity  for  light  (*),  it  being  warranted 
by  the  assured  that  the  assured  has  no  control  over  the  electrical 
equipment  of  the  building  insured  while  such  building  is  in  course 
of  construction." 

(*)  Insert  "and  (or)  heat"  "and  (or)  power"  if  desired. 

Circ.  519,  554-7-8-03,  10-14-03. 

In  cases  where  the  owner  and  contractor  are  insured  jointly  "as 
interest  may  appear,"  and  where  the  owner  has  no  control  over 
the  electrical  equipment  while  such  building  is  in  course  of  con- 
struction, the  following  form  shall  be  used,  the  Forbidding  Clause 
being  first  attached: — 


CLAUSES,  PRIVILEGES  AND   WARRANTIES  94 

"Privileged  to  use  electricity  in  the  above-mentioned  premises 
for  light  (*)  when  a  certificate  is  obtained  from  the  New  York 
Board  of  Fire  Underwriters,  it  being  understood  that  the  owner 
has  no  control  over  the  electrical  equipment  of  the  building  de- 
scribed while  such  building  is  in  course  of  construction." 

(*)  Insert  "and  (or)  heat"  "and  (or)  power"  if  desired. 

Circ.  563-11-11-03. 

For  policies  covering  electric  car  barns  and  (or)  electric  light 
and  power  stations,  those  being  classes  of  risks  to  which  the  New 
York  Board  does  not  issue  certificates,  the  following  shall  be  used, 
the  Forbidding  Clause  being  first  attached: — 

"Privileged  to  use  electric  light  and  power  in  the  above  described 
premises  and  to  make  such  alterations  in,  and  additions  to,  the 
equipment  as  may  be  necessary  by  reason  of  the  requirements 
of  the  business  of  the  assured."  Circ.  519-7-8-03. 

The  following  form  may  be  attached  to  policies  covering  sugar 
refineries,  the  Forbidding  Clause  being  first  attached: — 

"Privileged  to  use  electric  light  and  power  in  the  above  men- 
tioned premises  when  a  certificate  is  obtained  from  the  New  York 
Board  of  Fire  Underwriters, 

"Also  privileged  to  make  such  alterations  and  additions  to  the 
equipment  as  may  be  necessary  by  reason  of  changes  incidental 
to  the  business,  provided  such  changes  are  made  in  full  com- 
pliance with  the  requirements  of  the  National  Electric  Code,  and 
also  provided  that  the  same  are  reported  in  detail  as  soon  as  com- 
pleted to  said  Board  for  examination  and  approval. 

"This  insurance  shall  not  cover  any  loss  or  damage  to  dynamos, 
exciters,  lamps,  motors,  switches  or  any  other  apparatus  for  gen- 
erating or  distributing  electricity,  caused  by  electric  current, 
whether  artificial  or  natural."  Circ.  242-7-10-01. 

In  any  Exchange  electric  light  clause  which  calls  for  a  certifi- 
cate from  the  New  York  Board  of  Fire  Underwriters,  members  may 
insert  either  the  name  of  the  National  Board  of  Fire  Underwriters 
or  that  of  the  Suburban  Tariff  Association  instead  of  that  of  the 
New  York  Board  of  Fire  Underwriters,  when  such  clause  applies 
to  a  risk  located  within  those  portions  of  Exchange  territory  where 
electrical  installations  are  now  subject  to  the  inspection  and  ap- 
proval of  the  National  Board  of  Fire  Underwriters. 

Circ.   635-6-8-04. 

In  cases  where  the  Board  refuses  to  approve  an  electric  light 
installation  and  such  fact  is  stated  on  rate  card  (the  form  of  such 
statement  usually  being  "Electric  apparatus  unsafe,  see  New  York 
Board  Slip  No.  ")  the  following  form  shall  be  used,  the  For- 
bidding Clause  being  first  attached,  it  being  understood  that  this 
privilege  shall  not  be  granted  except  where  the  fact  of  non- 
approval  by  the  Board  is  set  forth  on  rate  card,  viz.: — 

"In  consideration  of  the  inclusion  in  the  rate  at  which  this 
policy  is  written  of  an  extra  charge  because  the  electrical  equip- 


CLAUSES,   PRIVILEGES   AND   WARRANTIES  95 

ment  is  not  approved  by  the  New  York  Board  of  Fire  Under- 
writers, permission  is  hereby  given  to  use  electricity  for  light, 
heat  or  power."  Circ.  563-11-11-03. 

When  privilege  for  use  of  electricity  is  given  it  must  be  by 
means  of  some  one  of  the  forms  approved  and  promulgated  by 
this  Exchange,  and  any  clauses  or  privileges  of  that  character 
included  in  the  insured's  printed  forms  must  be  stricken  out  if  they 
differ  from  the  regular  approved  Exchange  clauses. 

Circ.  543,  R.  C.  9-17-Q3. 

OCCUPANCY  WARRANTY. 

Whenever  a  warranty  of  occupancy  is  required  by  the  rate  card 
or  under  general  rules,  such  warranty  shall  be  in  the  following 
form:  "While  occupied  exclusively  for ";  or  "While  occu- 
pied   above    the    grade    floor    exclusively    for "     Or    the 

Occupancy  may  be  limited  by  writing  in  or  stamping  on  the 
policy  the  following  clause:  "This  insurance  to  be  valid  only 
while    the   building    herein    described    is    occupied    exclusively   for 

Circ.    324,   M.   2-4-02. 

ONE  HUNDRED  PER  CENT  AVERAGE  CLAUSE. 

New  York  Standard  (100  per  cent)  Average  Clause,  with  Ex- 
emption of  Special  Inventory  or  Appraisement  in  certain  cases,  is 
as  follows: — 

"This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the  sum 
hereby  insured  bears  to  one  hundred  per  centum  (100%)  of  the 
actual  cash  value  of  said  property  at  the  time  such  loss  shall 
happen. 

"In  case  of  claim  for  loss  on  the  property  described  herein  not 
exceeding  five  per  cent  (5%)  of  the  maximum  amount  named  in  the 
policies  written  thereon  and  in  force  at  the  time  such  loss  shall 
happen,  no  special  inventory  or  appraisement  of  the  undamaged 
property  shall  be  required. 

"If  the  insurance  under  this  policy  be  divided  into  two  or 
more  items,  these  clauses  shall  apply  to  each  item  separately." 

If  desired  to  be  used  without  exemption  of  special  inventory  or 
appraisement,  the  form  of  this  clause  shall  be  as  follows: — 

"This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the 
sum  hereby  insured  bears  to  one  hundred  per  centum  (100%) 
of  the  actual  cash  value  of  said  property  at  the  time  such  loss 
shall  happen. 

"If  the  insurance  under  this  policy  be  divided  into  two  or  more 
items,  this  Average  Clause  shall  apply  to  each  item  separately." 

Circ.  345-3-13-02. 


/ 


CLAUSES,   PRIVILEGES   AND   WARRANTIES  96 

Wherever  in  the  rules  and  rulings  of  this  Exchange  the 
words  "80  per  cent  co-insurance"  occur,  the  words  "80  per  cent 
average"  are  hereby  substituted;  and  wherever  the  words  "full 
co-insurance"  occur,  the  words  "one  hundred  per  cent  average" 
are  hereby  substituted  therefor,  except  where  such  rules 
and  rulings  apply  to  risks  situate  in  New  Jersey,  or  to  Floater 
forms  Nos.  i  to  8  or  risks  insured  thereunder.    Circ.  345-3-13-02. 

Where  a  policy  form,  in  addition  to  covering  in  one  or 
communicating  buildings,  also  includes  a  clause  reading  "and  in 
yards"  or  "and  in  yards  or  on  streets,"  or  any  similar  clause  which 
extends  the  policy  to  cover  other  than  in  one  or  communicating 
buildings,  the  Full  Average  Clause  must  be  attached  thereto  with- 
out  deduction   for   same.      (See   next   paragraph.) 

Circ.  1119,  A.  C.  11-1-09. 

The  above  ruling  has  been  modified  so  as  to  permit  either  of 
the  following  clauses  to  be  used;  "and  in  yards  immediately  ad- 
joining the  above  described  premises,"  or  "and  in  yards  or  on 
streets  immediately  adjoining  the  above  described  premises." 

Circ.  1129,  A.  C.  1-3-10. 

PATTERN  LIMITATION  RULE  AND  CLAUSE. 

No  policy  issued  within  the  jurisdiction  of  this  Exchange  shall 
include  patterns,  models,  moulds,  matrices,  drawings,  designs,  dies, 
solutions,  photographic  negatives,  or  lithographic  plates  or  stones 
or  engravings  thereon  in  any  item  or  division  of  insurance  covering 
any  other  kind  of  property  than  those  hereinbefore  named,  unless 
such  articles  are  specifically  described  therein  as  "kept  for  sale 
as  merchandise  only." 

Every  policy  issued  within  the  jurisdiction  of  this  Exchange 
and  covering  wholly  or  in  part  on  contents  of  a  manufacturing 
risk,  meaning  thereby  one  rated  under  the  Manufacturing  Schedule 
and  so  stated  on  card,  or  one  having  manufacturing  ("mfg.")  noted 
on  card,  or  one  in  which  raw  materials,  unassembled  parts,  or 
piece  goods  are  made,  worked,  combined,  or  cut,  with  the  aid  of 
machinery,  whether  run  by  hand  or  other  power,  into  finished  or 
partly  finished  product,   shall  contain  the  following  clause: 

This  policy  does  not  cover  patterns,  models,  moulds,  matrices, 
drawings,  designs,  dies,  solutions,  photographic  negatives  or  litho- 
graphic plates  or  stones  or  engravings  thereon,  unless  a  separate 
amount  is  insured  on  such  articles,  or  any  of  them,  by  a  specific 
item  or  items  covering  no  other  kinds  of  property  than  those  here 
named,  and  then  under  such  specific  item  or  items  only;  but  this 
provision  does  not  apply  to  such  articles  when  kept  for  sale  as 
merchandise  only.  Circ.  979-5-13-08. 

The  Pattern  Limitation  Clause  need  not  be  attached  to  policies 
written  under  a  strictly  household  furniture  form  which  includes 
drawings,    dies,    models,    patterns,    or   any   of   them. 

Circ.    986-6-18-08. 


CLAUSES,   PRIVILEGES  AND  WARRANTIES  97 

Policies  covering  contents  of  architects'  offices  and  naming  draw- 
ings and  (or)  designs  as  part  of  such  contents  need  not  have  the 
Pattern  Limitation  Clause  attached.  Circ.  1010-10-14-08. 

Policies  covering  risks  rated  under  the  Restricted  Sprinkler 
Schedule  need  not  have  the  Pattern  Limitation  Clause  attached. 

Circ.  1031-12-9-08. 

Policies  covering  sculptors'  or  artists'  studios  need  not  have  the 
Pattern  Limitation  Clause  attached.  Circ.  1045-1-13-09. 

Policies  covering  contents  of  museums,  libraries  or  other  in- 
stitutions maintaining  collections  for  educational  purposes  need 
not   have  the   Pattern   Limitation   Clause  attached. 

Circ.   1098,   7-14-09. 

PRIVATE  WAREHOUSE  WARRANTY. 

"Warranted  by  the  assured  that  the  within  premises  are  used 
exclusively  by  the  assured  for  the  storage  of  his  or  their  own 
merchandise  in  original  packages,  including  merchandise  held  on 
commission  or  sold  but  not  delivered;  that  no  cotton  or  fibre  is 
or  will  be  stored  therein;  that  the  general  business  of  trading  is 
not  carried  on;  that  no  work  is  done  except  occasionally  breaking 
packages,  packing,  repacking,  sampling  and  sorting  piece  goods, 
and  strapping  boxes;  that  no  lights  are  permitted  unless  contained 
in  enclosed  locked  lanterns  containing  candles  or  lamps  filled  with 
whale,  sperm,  lard  or  signal  oil;  that  no  fire  or  steam  heat  is  used 
other  than  in  the  office  of  the  storekeeper  and  for  hoisting;  and 
that  smoking  is  not  permitted  on  the  premises." 

Policies  covering  buildings  which  are  stated  on  rate  cards  to 
be  occupied  as  private  warehouses  need  not  have  the  Private  Ware- 
house Warranty  attached;  but  such  warranty  must  be  attached 
in  all  cases  where  policies  cover  contents  of  a  private  warehouse. 

Circ.  632,  R.  C.  6-1-04. 

RENT  AND  RENTAL  VALUE  CLAUSES. 
RENT  CLAUSE  (OCCUPIED  ONLY). 

■ 

$ On  the  rents  of  the story  building, 

situated    and   known    as    No 

The  intention  of  this  insurance  is  to  make  good  the  loss  of 
rents,  caused  by  fire  or  lightning,  actually  sustained  by  the  as- 
sured on  occupied  or  rented  portions  of  the  premises  which  have 
becgme  untenantable,  for  and  during  such  time  as  may  be  neces- 
sary to  restore  the  premises  to  the  same  tenantable  condition  as 
before  the  fire;  said  time,  in  case  of  disagreement,  to  be  determined 
by  appraisement  in  the  manner  provided  in  the  conditions  of  this 
policy;  but  this  company  shall  not  be  liable  for  a  greater  propor- 
tion of  any  loss  than  the  sum  hereby  insured  bears  to  the  actual 
annual  rental  of  such  occupied  or  rented  portions  of  the  premises. 


CLAUSES,   PRIVILEGES  AND  WARRANTIES  98 


RENTAL  VALUE  CLAUSE  (OCCUPIED  OR  VACANT). 

$ On  the  rents,  or  rental  value  of  the 

story  building,  situated  and  known  as  No 

The  intention  of  this  insurance  is  to  make  good  the  loss  of  rents, 
or  rental  value,  caused  by  fire  or  lightning,  actually  sustained  by 
the  assured  on  portions  of  the  premises  which  have  become  un- 
tenantable, whether  occupied  or  vacant  at  the  time  of  said  fire, 
for  and  during  such  time  as  may  be  necessary  to  restore  the 
premises  to  the  same  tenantable  condition  as  before  the  fire;  such 
time,  in  case  of  disagreement,  to  be  determined  by  appraisement 
in  the  manner  provided  in  the  conditions  of  this  policy;  but  this 
company  shall  not  be  liable  for  a  greater  proportion  of  any  loss 
than  the  sum  hereby  insured  bears  to  the  annual  rents  or  rental 
value    of  the   entire   premises.  Circ.   628-5-11-04. 


SPECIAL  BUILDING  SIGNAL  WARRANTY. 

Where  card  rates  specifically  require  such  warranty,  the  follow- 
ing form  must  be  used: — 

"The  entire  building  containing  the  property  hereby  insured 
having  been  equipped  with  a  Special  Building  Signal  for  the  trans- 
mission of  alarms  to  Fire  Department  Headquarters  in  accordance 
with  the  rules  and  regulations  of  the  New  York  Board  of  Fire 
Underwriters,  and  a  certificate  to  that  eflfect  issued  by  authority 
of  said  Board,  this  policy  is  issued  at  a  reduced  rate  of  premium, 
and  in  consideration  of  such  reduced  rate  it  is  hereby  made  a  con- 
dition of  this  policy  that  the  assure d^.s.bal.1  use  due  diligence  that 
such  equipment  shall  continue  to  be  maintained  during  the  full  term 
of  this  insurance."  Circ.  991-7-9-08. 

No  allowance  may  be  made  until  so  stated  on  rate  card. 


TELEPHONE  AND  TELEGRAPH  STATION  CLAUSE. 

The  following  form  of  dynamo  clause  must  be  used  on  policies 
covering  Telephone  Exchange  and  Telegraph  Station  Plant: — 

"This  Company  shall  not  be  liable  for  any  loss  or  damage  re- 
sulting from  any  electrical  injury  or  disturbance,  whether  from  arti- 
ficial or  natural  cause,  in  or  to  any  of  the  property  hereby  insured, 
unless  fire  ensues,  and  then  for  the  loss  resulting  from  fire  only. 

"It  is  further  understood  and  agreed  that  in  case  of  any  loss  or 
damage  by  fire  the  assured  is  at  liberty  to  immediately  make  all 
necessary  repairs,  due  notice  of  such  loss  to  be  given  to  the  Com- 
pany without  delay."  Circ.  247,  A.  C.  7-26-01. 

The  Telephone  and  Telegraph  Station  Clause  must  be  attached 
to  policies  covering  telephone  property  or  interest  of  any  descrip- 
tion. Circ.  248,  M.   8-7-01. 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  99 

As  the  Telephone  and  Telegraph  Station  Clause  provides  against 
liability  for  electrical  injury  or  disturbance  from  natural  causes 
unless  fire  ensues,  etc.,  the  Lightning  Clause  must  not  be  attached 
to,  or  included  in,  policies  carrying  the  Telephone  and  Telegraph 
Station  Clause.  Circ.  550,  R.  C.  10-3-03. 

When  a  policy  covers  a  building  only,  and  calls  for  the  attach- 
ment of  the  Telephone  and  Telegraph  Station  Clause,  the  second 
paragraph  of  that  clause  reading,  "It  is  understood  and  agreed  that 
in  case  of  any  loss  or  damage  by  fire,  the  assured  is  at  liberty  to 
immediately  make  all  necessary  repairs,  due  notice  of  such  loss  to 
be  given  to  the  company  without  delay,"  may  be  omitted  therefrom. 

Circ.  546,  A.  C.  9-29-03. 

THEATRE  WARRANTIES. 

Under  the  Theatre  Schedule  an  allowance  may  be  made  for 
either  or  both  of  the  following  warranties.  When  such  allowances 
are  desired  the  request  therefor  must  be  referred  to  the  Manager's 
office,  in  order  that  an  inspection  may  be  made  to  verify  the  fact 
that  the  appliances  called  for  by  the  warranties  have  been  provided. 
Allowances  must  not  be  made  at  the  counter,  as  same  are  included 
in  the  rates  on  card. 

Warranty  No.  1. — "Warranted  by  the  assured  that  he  (or  they) 
will  keep  a  forty  gallon  barrel  filled  with  water,  also  six  buckets 
filled  with  water,  one  fire  extinguisher,  two  axes  and  two  hooks  on 
each  fly  gallery,  on  each  side  of  the  stage,  and  in  property  room, 
repair  shop  and  paint  shop." 

Warranty  No.  2. — "Warranted  by  the  assured  that  he  (or  they) 
will  maintain  a  Night  and  Sunday  Watchman,  with  Watch  Clock, 
having  stations  on  each  floor  of  the  building,  and  on  stage  and  each 
fly  gallery,  and  in  property  room,  repair  shop  and  paint  shop,  and 
a  Special  Building  Call  connected  with  Fire  Department  Head- 
quarters." Circ.  324,  M.  2-4-02. 

TRANSIT  CLAUSE  IN  FIREPROOF  BUILDINGS. 

Where  the  rules  or  rate  card  require  the  particular  floor  to 
be  specified  on  the  policy  of  a  tenant,  the  following  clause  may 
be  attached: — 

"Property  of  the  assured  while  in  this  building  either  in  transit 
to  their  own  floors  or  temporarily  on  a  lower  floor  is  hereby  cov- 
ered  under  this  policy." 

WATCHMAN  AND  CLOCK  WARRANTY. 

Where  card  rates  specifically  require  such  warranty,  the  follow- 
ing form  must  be  used: — 

"Warranted  by  the  assured  to  maintain  Night,  Sunday  and  Holi- 
day Watchman,  with  approved  stations  and  approved  watch  clock, 
and  making  such  reports  to  the  New  York  Fire  Insurance  Exchange 
as  may  be  required."  Circ.  324,  M.  2-4-02. 


CLAUSES,   PRIVILEGES  AND  WARRANTIES         100 

No  allowances  in  rate  shall  be  made  for  watchman's  clocks  of  a 
make  or  pattern  not  approved  by  the  National  Board  of  Fire  Under- 
writers. Circ.   761-9-13-05. 

When  Watchman  and  Clock  Warranty  is  required  on  policies 
covering  a  risk  rated  under  the  Hotel  Schedule,  the  words  "Sunday 
and  Holiday"  may  be  omitted  from  such  warranty,  thereby  making 
it  call  only  for  the  maintenance  of  Night  Watchman. 

Circ.  550,  R.  C.  10-3-03. 

When  Watchman  and  Clock  Warranty  is  required  on  policies 
covering  Hospitals  the  words  "Sunday  and  Holiday"  may  be  omit- 
ted from  such  warranty,  thereby  making  it  call  only  for  the  main- 
tenance of  Night  Watchman.  Circ.  1053,  2-10-09. 

The  words  "Sunday  and  Holiday"  may  be  omitted  from  the 
Watchman  and  Clock  Warranty  on  policies  covering  railroad  ferry 
terminals  which  are  operated  every  day  in  the  year,  thereby  making 
such  warranty  call  only  for  the  maintenance  of  Night  Watchman. 

Circ.  1115,  10-14-09. 

No  allowance  may  be  made  until  so  stated  on  rate  card. 

WHARF  CLAUSE. 

Members  may  grant  permits  on  storage  policies  to  cover  on 
wharf  not  exceeding  ten  days  while  going  into  store,  using  the 
following  clause: — 

"This  policy  also  covers  on  said  described  merchandise  ordered 
to  said  store,  ex.  :  .  .  (excepting,  however,  merchandise  covered 
by  marine  and  [or]  inland,  or  transportation  insurance),  while  on 
streets,  or  piers  and  bulkheads  and  (or)  during  transit  to  said  store, 
for  a  period  not  exceeding  ten  days  from  date  of  this  policy  or  from 
the   date   of  each  entry."  Circ.  301-12-11-01. 

Only  one  wharf  privilege  may  be  granted  under  any  one  policy 
or  entry  under  an  open  policy. 

This  clause  must  be  used  verbatim,  and  no  other  may  be  used. 
It  may  not  be  altered  so  as  to  cover  goods  going  out  of  store. 

This  clause  is  intended  to  apply  only  in  the  case  of  policies 
and  /  or  entries  covering  property  in  listed  storage  stores. 

Circ.    1167,    R.    C.    6-27-10. 

WORK  AND  MATERIALS  CLAUSE. 

With  regard  to  the  privilege  for  work  and  materials,  it  is  held 
that  any  general  waiver  clause  waiving  the  specific  prohibitions  of 
the  Standard  Policy  as  to  work  and  materials  is  contrary  to  rule, 
except  the  following,  which  may  be  allowed: — 

"Privileged  to  do  such  work  and  to  use  such  materials  as  are 
usual  in  the  business  of (specifying  business)." 

The  above  clause  must  be  used  verbatim  et  literatim. 


/ 


m 


CLAUSES,  PRIVILEGES  AND  WARRANTIES         101 


The  use  of  the  following  clause  in  place  of  the  regular  Work  and 
Materials  Clause  is  permitted  on  policies  of  transportation  com- 
panies covering  in  or  on  pier  or  terminal  property  in  the  territory 
of  this  Exchange,  viz: — 

"Privileged  to  transport  and  handle  such  merchandise  and  other 
property  as  may  be  usual  in  the  business  of  steamship  companies, 
railroads,  common  carriers,  forwarders  and  warehousemen." 

Circ.  863,  11-14-06. 

General  privileges  like  the  following  are  contrary  to  the  rules  of 
the    Exchange:    "Privilege    for    existing    occupations    and    others." 
Privilege  for  existing  occupations  and  for  other  purposes,"  etc. 


u 


A  form  which  embraces  the  following  clause,  "including  that 
mentioned  in  lines  Nos.  24-28  of  the  printed  conditions  of  this  policy 
in  legal  quantities  when  the  same  shall  constitute  a  portion  of  their 
stock  of  supplies,"  is  in  violation,  in  that  it  waives  the  Work  and 
Materials  Clause.  This  ruling  is  to  be  held  as  applying  to  any  form 
which  contains  a  general  waiver  of  lines  24-28  of  the  Standard 
Policy,  whether  such  general  waiver  is  set  forth  in  exactly  the 
words  quoted  or  others  to  the  same  effect.    Circ.  134,  A.  C.  4-25-00. 

The  Work  and  Materials  Clause  should  apply  only  to  the  busi- 
ness carried  on  by  the  insured,  and  should  not  be  made  with  refer- 
ence to  some  other  business  carried  on  in  the  same  building,  but 
over  which  the  insured  has  no  control.  Circ.  346,  M.  3-19-02. 

When  the  Work  and  Materials  Clause  is  attached  the  business 
must  be  specified  in  direct  terms,  and  the  adding  of  a  phrase  per- 
mitting "similar"  occupancy  such  as  "and  other  similar  goods"  is 
not  permissible.  Circ.  561,  R.  C.  11-9-03. 

The  Work  and  Materials  Clause,  when  attached  to  a  policy,  is 
considered  to  waive  the  conditions  of  the  Standard  Policy  relating 
to  the  keeping  of  explosives  and  high  inflammables,  as  set  forth  in 
lines  22  to  26  thereof,  so  far  as  the  keeping  of  such  articles  may  be 
usual  in  the  business  of  the  insured. 

If  instead  of  or  in  addition  to  the  Work  and  Materials  Clause 
the  insured  requests  privilege  to  keep  and  use  naphtha,  benzine,  fire- 
works, gunpowder,  gasolene  and  calcium  carbide,  all  or  any  one, 
charge  must  be  made  therefor  in  addition  to  card  rates,  unless  the 
card  states  that  charge  has  been  included  in  the  rate  as  issued. 

In  granting  permission  (other  than  the  Work  and  Materials 
Clause)  for  the  keeping  and  use  of  any  high  inflammable  or  ex- 
plosive, the  quantity  allowed  should  be  limited  in  the  permit,  either 
to  the  amount  stated  on  rate  card,  or,  in  the  absence  of  any  rule 
restricting  the  quantity,  fixed  by  judgment  of  the  company,  but 
privilege  for  an  unlimited  quantity  must  not  be  granted  without 
charge. 


^1    c'c- 


CLAUSES,  PRIVILEGES  AND  WARRANTIES  102 

Where  card  in  the  cabinet  does  not  state  that  a  charge  for  use 
of  an  explosive  or  high  inflammable  has  been  included  in  the  rate, 
if  privilege  therefor  is  desired  on  policy,  the  Manager  will  upon 
application  furnish  a  letter  for  use  by  insured's  representative  stat- 
ing terms  upon  which  such  privilege  may  be  granted  pending  issue 
of  new  card.  Circ.  144,  M.  6-22-00. 

If  a  permit  is  given  for  naphtha,  benzine  or  other  high  inflamma- 
ble or  explosive  in  or  on  a  dwelling  house  risk,  with  the  amount 
allowed  of  each  limited  to  a  definite  quantity,  no  charge  need  be 
made  therefor.  Circ.  165,  M.  9-24-00. 

Where  a  form  contains  a  general  privilege  giving  permission  "to 
keep  and  use  a  reasonable  quantity  of  naphtha,  benzine,  fireworks, 
gunpowder,  gasolene  and  calcium  carbide  without  prejudice  to  this 
insurance,"  such  privilege  must  be  charged  for  upon  the  basis  of 
the  highest  rated  explosive  included  therein;  that  is  to  say,  2.50  for 
fireworks  or  gunpowder,  or  in  case  those  two  hazards  are  omitted, 
not  less  than  25  cents  for  naphtha,  benzine,  gasolene  or  calcium 
carbide.  Circ.  124,  R.  C.  3-12-00. 

Permission  to  use  oil  for  heat  or  power  must  not  be  given,  except 
where  specifically  approved  by  the  Exchange,  and  the  word  "oil" 
must  be  stricken  out  where  included  with  other  illuminants  or 
steam,  as  in  "Privilege  to  use  gas,  oil,  steam  or  electricity  for  light, 
heat  or  power."  The  Standard  Policy  itself  allows  kerosene  oil  of 
United  States  standard  to  be  used  for  lights,  consequently  no  addi- 
tional privilege  for  that  purpose  is  necessary;  and  if  oil  is  to  be 
used  for  heating  or  power  it  should  be  allowed  only  under  special 
privilege  after  being  passed  upon  by  the  Board  and  (or)  Exchange. 
This,  however,  is  not  intended  to  prevent  the  granting  of  privilege 
to  use  ordinary  kerosene  stoves  for  cooking  or  heating  without  any 
special  approval  being  required.  Circ.  521,  R.  C.  7-15-03. 


Fo 


rms. 


CHURCH,  CHAPEL  OR  SUNDAY-SCHOOL  FORM. 

$ On  the building  occupied  for  Church 

purposes,  situate   

This  item  covers  all  adjoining  additions  and  extensions  there- 
to, if  communicating,  sidewalks,  yards,  fences,  railings,  pews, 
pulpits,  window,  plate  and  ornamental  glass,  frescoing,  and 
plain  and  ornamental  painting,  gas,  water  and  heating  pipes, 
apparatus,  fixtures,  and  all  appliances  pertaining  thereto. 

$ On  dynamos  and  all  electric  and  mechanical  apparatus     and 

appurtenances  thereto  belonging. 

$ On  Church,  altar,  school  and  other  movable  furniture,  useful 

and  ornamental,  carpets,  floor  coverings,  paintings,  pictures, 
engravings  and  their  frames,  musical  instruments  (except 
pipe  organs),  statuary,  stations,  vestments,  plate,  printed 
books  and  music,  church  and  school  paraphernalia,  and  sup- 
plies. 

$ On  pipe  organs — all  while  contained  in  the  above  described 

premises. 
Permission  for  mechanics  to  be  employed  in  the  within  de- 
scribed premises,  but  this  shall  not  be  held  to  include  the 
constructing  or  reconstructing  of  the  building  or  buildings, 
or  additions,  or  the  enlargement  of  the  premises. 
Permission  to  hold  fairs,  concerts  and  dramatic  or  literary 
entertainments. 

"This  policy  shall  cover  any  direct  loss  or  damage  caused  by 
lightning  (meaning  thereby  the  commonly  accepted  use  of  the  term 
lightning,  and  in  no  case  to  include  loss  or  damage  by  cyclone, 
tornado,  or  windstorm),  not  exceeding  the  sum  insured,  nor  the 
interest  of  the  assured  in  the  property,  and  subject  in  all  other  re- 
spects to  the  terms  and  conditions  of  this  policy.  Provided,  how- 
ever, if  there  shall  be  any  other  insurance  on  said  property  this 
Company  shall  be  liable  only  pro  rata  with  such  other  insurance  for 
any  direct  loss  by  lightning,  whether  such  other  insurance  be 
against  direct  loss  by  lightning  or  not." 

"Privileged  to  use  electricity  in  the  above  mentioned  premises 
for  light  (*),  it  being  hereby  made  a  condition  of  this  policy  that 
where  the  equipment  is  owned  or  controlled  in  whole  or  in  part  by 
the  assured  a  Certificate  shall  be  obtained  from  the  New  York 
Board  of  Fire  Underwriters,  and  that  no  alterations  shall  be  made 

103 


FORMS  104 


in  that  portion  of  the  equipment  owned  or  controlled  by  the  assured 
after  Certificate  is  issued  without  notice  thereof  being  given  to  the 
said   Board." 

(*)  Insert  "and  (or)  heat"  "and  (or)  power"  if  desired,  in  ac- 
cordance with   note  on  page  93.  Circ.  617-4-13-04. 

"This  insurance  shall  not  cover  any  loss  or  damage  to  dynamos, 
exciters,  lamps,  motors,  switches,  or  any  other  apparatus  for  gen- 
erating, utilizing,  festing,  regulating  or  distributing  electricity, 
caused  by  electric  current,  whether  artificial  or  natural." 

"Other  insurance  permitted  without  notice  until  required." 
If  written  under  minimum  and  at  the  rate  for  a  steam  heated 
church,  the  following  warranty  is  required: — 

"Warranted  that  the  premises  herein  described  are  heated  by 
steam,  and  that  no  stoves  or  hot-air  furnaces  will  be  used  during 
the  continuance  of  the  policy." 

The  words  "altar"  and  "confessionals"  may  be  inserted  in  the 
first  item  of  the  standard  Church  form  after  the  word  "pulpits." 
The  items  "bells  and  tower  clocks  and  ventilating  apparatus"  may 
be  added  to  the  building  item.  The  words  "and  water  motor  and 
all  connections  and  attachments  thereto"  may  be  added  after  the 
words  "pipe  organs." 

The  following  clause  may  be  added  to  the  Church  form: — 

"The  first  item  of  this  policy  covering  'building'  is  understood  to 
cover  all  electrical  wiring,  fixtures,  switch-boards,  and  other  elec- 
trical apparatus  and  appurtenances,  but  does  not  cover  dynamos  or 
apparatus  and  appurtenances  belonging  thereto."  9-28-96. 

When  the  Church,  Chapel,  or  Sunday  School  Form  is  used  to 
cover  synagogues,  the  following  clause  may  be  added: — 

"It  is  understood  and  agreed  that  the  third  item  of  this  policy 
applies  to  and  covers  Thoras  and  other  parchments  and  manuscripts 
used  in  worship  in  synagogues."  Circ.  510-6-10-03. 


A  clause  excluding  foundations,  as  provided  for  on  page  61,  may 
be  attached  to,  or  made  part  of,  the  form  for  Church,  Chapel,  or 
Sunday  School.  Circ.  289,  R.  C.  11-6-01. 

No  other  Church  form  may  be  used,  and  no  change  of  wording  is 
allowable  except  as  above  ruled.  3-3-96. 

COMMON  CARRIERS. 

Insurance  of  Common  Carriers*  liability  may  be  written  under 
the  following  forms,  one  or  the  other  of  which  must  be  used: — 

Legal  Liability  Form — Liability  disclaimed.  Rate  to  be  one  half 
of  the  Contents  rate  of  the  Pier. 

$ On  their  legal  liability  in  or  for  all  merchandise  held  in  their 

custody   as   common   carriers,   warehousemen,   wharfingers, 
forwarders  or  freighters,  while  contained 


FORMS  105 


The  purpose  of  this  insurance  is  to  indemnify  the  insured  for 
their  legal  liability,  if  any,  to  the  amount  they  are  obliged  to  pay  on 
such  merchandise  by  reason  of  loss  or  damage  by  fire,  and  it  is 
understood  that  liability  for  such  loss  or  damage  by  fire  is  and  will 
be  disclaimed  in  bills  of  lading,  shipping  receipts  and  other  similar 
documents. 

It  is  also  understood  and  agreed  that  all  claims  against  the  in- 
sured (provided  the  claim  or  claims  are  not  in  excess  of  the  amount 
insured)  shall  be  resisted  under  the  direction  and  control  of  this 
Company,  the  cost  of  such  resistance  (whether  conducted  by  the 
insured  or  by  this  Company)  to  be  paid  by  this  Company  in  the 
proportion  that  the  amount  of  this  policy  bears  to  the  total  amount 
of  such  claim  or  claims. 

In  the  event  of  loss  hereunder,  this  Company  shall  be  subrogated 
to  all  claims  upon  owners  of  merchandise  to  the  extent  of  payment 
made  to  the  said  Steamship  Company.  7-11-00. 

(No  co-insurance  clause  required;  commission  15  per  cent.) 

When  desired  "Legal  Liability  Form — Liability  Disclaimed"  may 
be  changed  by  striking  out  from  the  first  paragraph  thereof  the 
words  "disclaimed  in  bills  of  lading,  shipping  receipts  and  other 
similar  documents,"  and  inserting  in  their  stead  the  words  "limited 
to  their  legal  liability  under  the  Bill  of  Lading  approved  by  the 
Inter-State  Commerce  Commission,  June  27,  1908,"  thereby  making 
such  paragraph  read: — 

"The  purpose  of  this  insurance  is  to  indemnify  the  insured  for 
their  legal  liability,  if  any,  to  the  amount  they  are  obliged  to  pay 
on  such  merchandise  by  reason  of  loss  or  damage  by  fire,  and  it  is 
understood  that  liability  for  such  loss  or  damage  by  fire  is  and  will 
be  limited  to  their  legal  liability  under  the  Bill  of  Lading  approved 
by  the  Inter-State  Commerce  Commission,  June  27,  1908,"  such 
changed  form  to  be  known  as  Legal  Liability  Form — Liability  Dis- 
claimed, Limited,  and  the  rate  therefor  to  be  three-fourths  of  the 
contents  rate  of  the  pier,  all  other  rules  and  requirements  to  remain 
unchanged.  Circ.  1053,  2-10-09. 

When  desired,  policies  may  be  written  covering,  under  one  form, 
legal  liability  under  the  Bill  of  Lading  approved  by  the  Inter-State 
Commerce  Commission,  June  27,  1908,  and  also  liability  dis- 
claimed, and  the  second  paragraph  of  "Legal  Liability  Form — Lia- 
bility Disclaimed"  may  be  changed  by  adding  thereto  the  following: 
"or  that  liability  hereunder  for  such  loss  or  damage  by  fire  is  and 
will  be  limited  to  their  legal  liability  under  the  Bill  of  Lading  ap- 
proved by  the  Inter-State  Commerce  Commission  June  27th,  1908;" 
thereby  making  the  entire  paragraph  read  as  follows: 

"The  purpose  of  this  insurance  is  to  indemnify  the  insured  for 
their  legal  liability,  if  any,  to  the  amount  they  are  obliged  to  pay 
on  such  merchandise  by  reason  of  loss  or  damage  by  fire,  and  it  is 
understood  that  liability  for  such  loss  or  damage  by  fire  is  and  will 
be  disclaimed  in  bills  of  lading,  shipping  receipts  and  other  similar 


FORMS  106 


documents,  or  that  liability  hereunder  for  such  loss  or  damage  by- 
fire  is  and  will  be  limited  to  their  legal  liability  under  the  Bill  of 
Lading  approved  by  the  Inter-State  Commerce  Commission  June 
27,  1908;"  the  rate  therefor  to  be  three-fourths  of  the  contents  rate 
of  the  pier,  all  other  rules  and  requirements  to  remain  unchanged. 

Circ.  1133-1-13-10. 

Legal  Liability  Form — Liability  not  disclaimed.   Rate  to  be  that 
for  merchandise  on  Pier. 

$....On  their  legal  liability  in  or  for  all  merchandise  and  (or) 
baggage  held  in  their  custody  as  common  carriers,  ware- 
housemen, wharfingers,  forwarders,  or  freighters;  also  upon 
their  interest  in  all  advances  or  other  charges  due  or  to 
become  due  upon  all  merchandise  and  (or)  baggage  while 
contained 


It  being  mutually  understood  and  agreed  that  if  claim  is  made 
against  the  assured  hereunder  for  merchandise  and  (or)  baggage 
held  by  them  as  above  provided,  the  insurers  shall  have  the  option 
of  either  admitting  such  claim  for  payment  or  of  resisting  it  in 
court,  the  legal  expenses  incurred  in  such  resistance  to  be  borne  by 
the  Insurance  Companies  interested,  in  the  proportion  that  the  total 
amount  of  the  insurance  shall  bear  to  the  total  amount  of  such 
claim  or  claims.  7-11-00. 

(No  co-insurance  clause  required;  commission  15  per  cent.) 

If  liability  for  property  on  more  than  one  pier  or  wharf  be  cov- 
ered, a  separate  amount  must  be  placed  on  each.       R.  C.  5-13-02. 

The  words  "and  (or)  freight"  may  be  added  to  the  "Legal  Lia- 
bility Form — Liability  Not  Disclaimed"  after  the  word  "merchan- 
dise." Circ.  242-7-10-01. 

The  following  clause  may  be  added  to  Legal  Liability  Form — 
Liability  Not  Disclaimed  form,  if  desired,  without  extra  charge: — 

This  company  hereby  gives  consent  to  the  assured  hereunder  to 
admit  their  liability  upon  all  goods,  wares  and  merchandise  dam- 
aged or  destroyed  by  fire  upon  the  premises  described  herein  which, 
at  the  time  of  loss,  had  been  upon  the  said  premises  for  a  period 
not  exceeding  forty-eight  (48)  hours,  in  addition  to  Sundays  and 
holidays,  preceding  the  fire,  and  which  at  the  time  of  loss  was  not 
protected  by  other  insurance.  Circ.  435,  A.  C.  12-10-02. 

Insurance  may  be  written  for  Common  Carriers  to  cover  on 
premises  other  than  piers  under  Legal  Liability  Form — Liability 
not  Disclaimed — at  the  full  rate  attaching  to  merchandise  on  such 
premises.  Legal  Liability  Form — Liability  Disclaimed,  may  not  be 
used  to  cover  other  than  on  piers. 

Where  a  form  covers  excess  value  of  merchandise  for  a  common 
carrier,  and  also  the  liability  of  the  insured  as  bailees,  or  common 
carriers,  or  otherwise,  same  may  be  written  at  rate  of  merchandise 
on  pier,  but  must  have  the  80  per  cent  Average  Clause  attached. 

Circ.  654,  M.  8-17-04. 


FORMS  107 


FLOATER  FORMS. 

The  following  floater  forms  are  approved  for  use  on  policies  cov- 
ering merchandise  in  bonded  warehouses,  general  order  stores, 
storage  stores,  and  while  in  transitu,  in  the  cities  and  ports  of  New 
York,  Brooklyn,  Jersey  City  and  Hoboken.  They  must  be  used  as 
here  given,  except  as  provided  below: — 

In  Forms  3,  4,  7  and  8,  the  word  "merchandise"  may  be  substitu- 
ted for  the  words  "vegetable  fibre." 

Forms  1,  2,  5  and  6,  may  be  written  with  full  co-insurance  clause 
(no  deduction  therefor)  at  .875  for  Forms  1  and  2,  and  at  1.75  for 
Forms  5  and  6,  provided,  instead  of  the  words  "On  merchandise 

consisting  principally  of excluding  cotton  and  other 

vegetable  fibre,  and  petroleum  and  its  liquid  products,"  the  follow- 
ing words  be  substituted,  viz:  "On  merchandise  consisting  exclu- 
sively of  Antimony,  Block  Tin,  Brass  in  pigs,  Copper  in  ingots, 
cakes  and  bars,  Crude  Rubber,  Iron  in  pigs.  Lead  in  pigs.  Mercury 
in  flasks  and  Spelter."  (Any  or  all  to  be  specified  by  name.)  Or 
the  following  may  be  substituted:  "or  on  merchandise  consisting 
exclusively  of  new  metals  in  pigs,  billets,  ingots,  blocks,  bars,  ingot- 
bars,  wire  bars,  cakes,  slabs,  plates,  cathodes,  cubes  and  other 
shapes  into  which  such  metals  are  smelted  or  refined,  including 
packages  and  labels  thereon."  Circ.  1003,  9-9-08. 

Upon  Floater  Forms  5,  6,  7  and  8,  the  following  endorsement 
may  be  made:  "Piers  No.  1  and  No.  2  of  the  American  Dock  Stores, 
Staten  Island,  being  used  as  a  terminal  of  the  Baltimore  &  Ohio 
Railroad  Co.,  may  be  included  as  under  the  protection  of  this  form." 

Hay  having  been  classed  by  the  New  York  Board  of  Fire  Under- 
writers as  "vegetable  fibre,"  and  as  such  being  excluded  from  non- 
fibre  stores.  Hay  floaters  may  only  be  written  under  the  "fibre" 
Forms  3,  4,  7  and  8.  The  writing  of  Hay  under  Floaters  1,  2,  5  and 
6  is  prohibited. 

Any  other  form  of  floater  desired  covering  merchandise  or  other 
kinds  of  personal  property  not  less  than  3.00. 

Freight  charges  on  merchandise  may  be  written  under  General 
Floater  Forms  Nos.  i  to  8  at  the  same  rates  as  carried  by  said 
forms.  R.  C.  3-12-01. 

Floater  Forms  i,  2,  3,  4,  5,  6,  7  and  8  must  have  printed,  or 
stamped,  or  written  thereon  the  following  clause,  viz:  "It  is  under- 
stood and  agreed  that  this  policy  does  not  cover  in  any  building 
occupied  in  whole  or  in  part  for  cold  storage  purposes;  1.  e.y  where 
artificial  refrigeration   is  used."  Circ.  650-8-10-04. 

NO.  I.— ORDINARY  EXCESS  FLOATER,  EXCLUDING 

COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre,  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured,  or  held  by  the  assured  in  trust 


/ 


FORMS  108 


or  on  commission,  or  on  joint  account  with  others,  or  sold  but  not 
delivered,  while  contained  in  any  or  all  the  bonded  warehouses, 
general  order  stores  or  brick  and  stone  storage  stores,  and  while 
in  transitu  in  or  on  any  of  the  streets,  yards,  wharves,  piers  and 
bulkheads,  in  the  Cities  of  New  York,  Brooklyn,  Jersey  City  and 
Hoboken,  and  while  afloat  in  transitu  in  the  ports  of  said  cities; 
subject  to  the  following  conditions  of  co-insurance  and  exceptions 
named  below: — 

N.  Y.  Standard  Co-Insurance  Clause  for  Floating  Policy  (Ex- 
cess).— It  is  hereby  declared  and  agreed  that  in  case  the  property 
aforesaid  in  all  the  buildings,  places  or  limits  included  in  this  in- 
surance shall,  at  the  breaking  out  of  any  fire  or  fires,  be  collectively 
of  greater  value  than  the  sum  insured,  then  this  company  shall  pay 
and  make  good  such  a  portion  only  of  the  loss  or  damage  as  the 
sum  insured  shall  bear  to  the  whole  value  of  the  property  aforesaid 
at  the  time  when  such  fire  or  fires  shall  first  happen. 

But  it  is  at  the  same  time  declared  and  agreed,  that  if  any  specific 
parcel  of  goods  included  in  the  terms  of  this  policy,  or  such  goods 
in  any  specified  building  or  buildings,  place  or  places,  within  the 
limits  of  this  insurance,  shall  at  the  time  of  any  fire  be  insured  in 
this  or  any  other  office,  this  policy  shall  not  extend  to  cover  the 
same,  excepting  only  as  far  as  relates  to  any  excess  of  value  beyond 
the  amount  of  such  specific  insurance  or  insurances,  and  shall  not 
be  liable  for  any  loss,  unless  the  amount  of  such  loss  shall  exceed 
the  amount  of  such  specific  insurance  or  insurances,  which  said 
excess  only  is  declared  to  be  under  the  protection  of  this  policy 
and  subject  to  average,  as  aforesaid. 

It  being  the  true  intent  and  meaning  of  this  agreement  that  this 
company  shall  not  be  liable  for  any  loss,  unless  the  amount  of  such 
loss  shall  exceed  the  amount  of  the  specific  insurance  or  insurances, 
and  then  only  for  such  excess,  which  said  excess  shall  be  subject 
to  average,  as  above. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park;  nor  in  the  Central  Terminal  Stores  at  27th  and  28th  Streets, 
Eleventh  Avenue  and  North  River;  nor  on  the  piers  or  in  the  build- 
ings or  premises  of  the  New  York  Central  &  Hudson  River  Railroad 
Co.,  between  27th  and  33rd  Streets,  and  between  62d  and  68th 
Streets,  New  York  City;  nor  on  the  piers  or  in  the  buildings  or 
premises  of  the  New  York,  Lake  Erie  &  Western  Railroad,  the 
Central  Railroad  of  New  Jersey,  the  Lehigh  Valley  Railroad,  the 
Delaware,  Lackawanna  &  Western  Railroad  and  the  Pennsylvania 
Railroad,  in  Jersey  City  and  Hoboken,  New  Jersey;  nor  on  Black 
Tom  Island;  nor  in  any  tobacco  inspection  or  other  warehouse  used 
exclusively  for  the  storage  of  tobacco;  nor  in  any  grain  elevator  or 
elevator  store  or  graded  grain  store;  nor  in  any  furniture  storage 
store;  nor  in  any  building  occupied  wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 


7 


FORMS  109 


Other  insurance  permitted  without  notice  until  required. 

The  Specijfl  Committee  on  Floater  Forms  recommends  that 
Members  for  their  better  protection  amend  the  seventh  line  of  the 
first  paragraph  of  Floater  Form  1  by  inserting  therein  the  words 
"excluding  Staten  Island,"  thereby  making  that  line  read,  "and  bulk- 
heads in  the  Cities  of  New  York  (excluding  Staten  Island),  Brook- 
lyn, Jersey  City,  etc."  Circ.  524,  F.  F.  C.  7-17-03. 

NO.  2.— ORDINARY  LIMITED  FLOATER,  EXCLUDING 

COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre,  and  petroleum  and  its  liquid  prod- 
ucts, the  property  of  the  assured,  or  held  by  the  assured  in  trust 
or  on  commission,  or  on  joint  account  with  others,  or  sold  but  not 
delivered,  while  contained  in  any  or  all  the  bonded  warehouses, 
general  order  stores,  or  brick  and  stone  storage  stores,  and  while 
in  transitu  in  or  on  any  of  the  streets,  yards,  wharves,  piers  and 
bulkheads,  in  the  Cities  of  New  York,  Brooklyn,  Jersey  City  and 
Hoboken,  and  while  afloat  in  transitu  in  the  ports  of  said  cities; 
subject  to  the  following  conditions  of  co-insurance  and  exceptions 
named  below: — 

N.  Y.  Standard  Co-Insurance  Clause  for  Floating  Policy  (Limit- 
ed).— It  is  hereby  declared  and  agreed  that  in  case  the  property 
aforesaid  in  all  the  buildings,  places  or  limits  included  in  this  in- 
surance shall,  at  the  breaking  out  of  any  fire  or  fires,  be  collectively 
of  greater  value  than  the  sum  insured,  then  this  company  shall  pay 
and  make  good  such  a  portion  only  of  the  loss  or  damage  as  the 
sum  insured  shall  bear  to  the  whole  value  of  the  property  afore- 
said at  the  time  when  such  fire  or  fires  shall  first  happen. 

Exceptions. — This  policy  does  not  cover,  in  whole  or  in  part, 
any  specific  parcel  of  goods  included  in  the  terms  of  this  policy, 
or  such  goods  in  any  specified  building  or  buildings,  place  or  places, 
within  the  limits  of  this  insurance,  which  shall  at  the  time  of  any 
fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park;  nor  in  the  Central  Terminal  Stores,  at  27th  and  28th  Streets, 
Eleventh  Avenue  and  North  River;  nor  on  the  piers  or  in  the 
buildings  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  between  27th  and  33d  Streets,  and  between  62d  and 
68th  Streets,  New  York  City;  nor  on  the  piers  or  in  the  buildings 
or  premises  of  the  New  York,  Lake  Erie  &  Western  Railroad,  the 
Central  Railroad  of  New  Jersey,  the  Lehigh  Valley  Railroad,  the 
Delaware,  Lackawanna  &  Western  Railroad,  and  the  Pennsylvania 
Railroad,  in  Jersey  City  and  Hoboken,  New  Jersey;  nor  on  Black 


V 


FORMS  110 


Tom  Island;  nor  in  any  tobacco  inspection  or  other  warehouse 
used  exclusively  for  the  storage  of  tobacco;  nor  in  any  grain  ele- 
vator or  elevator  store  or  graded  grain  store;  nor  in  any  furniture 
storage  store;  nor  in  any  building  occupied  wholly  or  in  part  by 
the  assured. 

Other  insurance   permitted  without  notice   until   required. 

The  Special  Committee  on  Floater  Forms  recommends  that  Mem- 
bers for  their  better  protection  amend  the  seventh  line  of  the  first 
paragraph  of  Floater  Form  2,  by  inserting  therein  the  words  "ex- 
cluding Staten  Island/'  thereby  making  that  line  read  "piers  and 
bulkheads  in  the  Cities  of  New  York  (excluding  Staten  Island), 
Brooklyn,  Jersey  City,  etc."  Circ.  524,  F.  F.  C.  7-17-03. 

NO.  3.— ORDINARY  EXCESS  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the  as- 
sured, or  held  by  the  assured  in  trust  or  on  commission,  or  on 
joint  account  with  others,  or  sold  but  not  delivered,  while  con- 
tained in  any  or  all  the  bonded  warehouses,  general  order  stores  or 
brick  and  stone  storage  stores,  and  while  in  transitu  in  or  on  any  of 
the  streets,  yards,  wharves,  piers  and  bulkheads,  in  the  Cities  of 
New  York,  Brooklyn,  Jersey  City  and  Hoboken,  and  while  afloat  in 
transitu  in  the  ports  of  said  cities;  subject  to  the  following  condi- 
tions of  co-insurance  and  exceptions  named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.  See  Form  No.  1.) — This  policy  does  not  cover  in  the 
building  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  at  St.  John's  Park;  nor  in  the  Central  Terminal 
Stores,  at  27th  and  28th  Streets,  Eleventh  Avenue  and  North  River; 
nor  on  the  piers  or  in  the  buildings  or  premises  of  the  New  York 
Central  &  Hudson  River  Railroad  Co.,  between  27th  and  33d 
Streets,  and  between  62d  and  68th  Streets,  New  York  City;  nor  on 
the  piers  or  in  the  buildings  or  premises  of  the  New  York,  Lake 
Erie  &  Western  Railroad,  the  Central  Railroad  of  New  Jersey, 
the  Lehigh  Valley  Railroad,  the  Delaware,  Lackawanna  &  Western 
Railroad,  and  the  Pennsylvania  Railroad,  in  Jersey  City  and  Ho- 
boken, New  Jersey;  nor  on  Black  Tom  Island;  nor  in  any  tobacco 
inspection  or  other  warehouse  used  exclusively  for  the  storage 
of  tobacco;  nor  in  any  grain  elevator  or  elevator  store  or  graded 
grain  store,  nor  in  any  furniture  storage  store,  nor  in  any  building 
occupied  wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

Other  insurance  permitted  without  notice  until  required. 

NO.  4.— ORDINARY  LIMITED  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the  as- 
sured, or  held  by  the  assured  in  trust  or  on  commission,  or  on 
joint  account  with  others,  or  sold  but  not  delivered,  while  contained 


FORMS  111 


in  any  or  all  the  bonded  warehouses,  general  order  stores  or  brick 
and  stone  storage  stores,  and  while  in  transitu  in  or  on  any  of  the 
streets,  yards,  wharves,  piers  and  bulkheads,  in  the  Cities  of  New 
York,  Brooklyn,  Jersey  City  and  Hoboken,  and  while  afloat  in 
transitu  in  the  ports  of  said  cities;  subject  to  the  following  con- 
ditions of  co-insurance  and  exceptions  named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.) — This  policy  does  not  cover,  in  whole 
or  in  part,  any  specific  parcel  of  goods  included  in  the  terms  of 
this  policy,  or  such  goods  in  any  specified  building  or  buildings, 
place  or  places,  within  the  limits  of  this  insurance,  which  shall  at 
the  time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park;  nor  in  the  Central  Terminal  Stores  at  27th  and  28th  Streets, 
Eleventh  Avenue  and  North  River;  nor  on  the  piers  or  in  the 
buildings  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  between  27th  and  33d  Streets,  and  between  62d  and 
68th  Streets,  New  York  City;  nor  on  the  piers  or  in  the  buildings 
or  premises  of  the  New  York,  Lake  Erie  &  Western  Railroad,  the 
Central  Railroad  of  New  Jersey,  the  Lehigh  Valley  Railroad,  the 
Delaware,  Lackawanna  &  Western  Railroad,  and  the  Pennsylvania 
Railroad,  in  Jersey  City  and  Hoboken,  New  Jersey;  nor  on  Black 
Tom  Island;  nor  in  any  tobacco  inspection  or  other  tobacco  ware- 
house; nor  in  any  grain  elevator  or  elevator  store  or  graded  grain 
store;  nor  in  any  furniture  storage  store;  nor  in  any  building  occu- 
pied wholly  or  in  part  by  the  assured. 

Other  insurance  permitted  without  notice  until  required. 

NO.  5.— BROAD  EXCESS  FLOATER,  EXCLUDING 

COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre,  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured,  or  held  by  the  assured  in 
trust  or  on  commission,  or  on  joint  account  with  others,  or  sold 
but  not  delivered,  while  contained  in  all  or  any  of  the  brick,  stone 
or  frame  warehouses,  storage  stores  and  sheds,  and  while  in  transitu 
in  all  or  on  any  of  the  streets,  yards,  wharves,  piers  and  bulkheads, 
and  also  while  in  cars  on  tracks  (excepting  in  grain  elevators)  in 
New  York,  Brooklyn,  Jersey  City,  Hoboken  and  Weehawken,  and 
on  Staten  Island  and  Black  Tom  Island,  and  while  afloat  in  transitu 
in  the  ports  of  said  cities;  subject  to  the  following  conditions  of 
co-insurance  and  exceptions  named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.     See    Form    No.   1.) — This   policy   does   not   cover    in   the 


f 


FORMS  112 


building  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  at  St.  John's  Park,  in  New  York  City;  nor  in  Ameri- 
can Dock  Stores,  Staten  Island,  or  on  the  piers  in  front  of  said 
stores;  nor  in  any  grain  elevator  or  elevator  store  or  graded  grain 
store;  nor  in  any  furniture  storage  store;  nor  in  any  building  occu- 
pied wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

Other  insurance  permitted  without  notice  until  required. 

NO.  6.— BROAD  LIMITED  FLOATER,  EXCLUDING 

COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre,  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured,  or  held  by  the  assured  in 
trust  or  on  commission,  or  on  joint  account  with  others,  or  sold 
but  not  delivered,  while  contained  in  all  or  any  of  the  brick,  stone 
or  frame  warehouses,  storage  stores  and  sheds,  and  while  in  transitu 
in  or  on  any  of  the  streets,  yards,  wharves,  piers  and  bulkheads, 
and  also  while  in  cars  on  tracks  (excepting  in  grain  elevators)  in 
New  York,  Brooklyn,  Jersey  City,  Hoboken  and  Weehawken,  and 
on  Staten  Island  and  Black  Tom  Island,  and  while  afloat  in  transitu 
in  the  ports  of  said  cities;  subject  to  the  following  conditions  of 
co-insurance  and  exceptions  named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.) — This  policy  does  not  cover,  in  whole 
or  in  part,  any  specific  parcel  of  goods  included  in  the  terms  of 
this  policy,  or  such  goods  in  any  specified  building  or  buildings, 
place  or  places,  within  the  limits  of  this  insurance,  which  shall  at 
the  time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park  in  New  York  City;  nor  in  American  Dock  Stores,  Staten 
Island,  or  on  the  piers  in  front  of  said  stores;  nor  in  any  grain 
elevator  or  elevator  store  or  graded  grain  store;  nor  in  any  fur- 
niture storage  store;  nor  in  any  building  occupied  wholly  or  in 
part   by    the    assured. 

Other  insurance  permitted  without  notice  until  required. 

NO.  7.— BROAD  EXCESS  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the  assured, 
or  held  by  the  assured  in  trust  or  on  commission,  or  on  joint 
account  with  others,  or  sold  but  not  delivered,  while  contained  in 


Y 


FORMS  113 


any  or  all  of  the  brick,  stone  or  frame  warehouses,  storage  stores 
and  sheds,  and  while  in  transitu  in  or  on  any  of  the  streets,  yards, 
wharves,  piers  and  bulkheads,  and  also  while  in  cars  on  tracks 
(excepting  in  grain  elevators)  in  New  York,  Brooklyn,  Jersey  City, 
Hoboken  and  Weehawken,  and  on  Staten  Island  and  Black  Tom 
Island,  and  while  afloat  in  transitu  in  the  ports  of  said  cities;  sub- 
ject to  the  following  conditions  of  co-insurance  and  exceptions 
named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.  See  Form  No.  1.) — This  policy  does  not  cover  in  the 
building  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  at  St.  John's  Park,  in  New  York  City;  nor  in  Ameri- 
can Dock  Stores,  Staten  Island,  or  on  the  piers  in  front  of  said 
stores;  nor  in  any  grain  elevator  or  elevator  store  or  graded  grain 
store;  nor  in  any  furniture  storage  store;  nor  in  any  building  occu- 
pied wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

Other  insurance  permitted  without  notice  until  required. 


NO.  8.— BROAD  LIMITED  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the  assured, 
or  held  by  the  assured  in  trust  or  on  commission,  or  on  joint 
account  with  others,  or  sold  but  not  delivered,  while  contained  in 
any  or  all  of  the  brick,  stone  or  frame  warehouses,  storage  stores 
and  sheds,  and  while  in  transitu  in  or  on  any  of  the  streets,  yards, 
wharves,  piers  and  bulkheads,  and  also  while  in  cars  on  tracks 
(excepting  in  grain  elevators)  in  New  York,  Brooklyn,  Jersey  City, 
Hoboken  and  Weehawken,  and  on  Staten  Island  and  Black  Tom 
Island,  and  while  afloat  in  transitu  in  the  ports  of  said  cities;  sub- 
ject to  the  following  conditions  of  co-insurance  and  exceptions 
named  below: — 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.) — This  policy  does  not  cover,  in  whole 
or  in  part,  any  specific  parcel  of  goods  included  in  the  terms  of 
this  policy,  or  such  goods  in  any  specified  building  or  buildings, 
place  or  places,  within  the  limits  of  this  insurance,  which  shall  at 
the  time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover,  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park  in  New  York  City;  nor  in  American  Dock  Stores,  Staten 
Island,  or  on  the  piers  in  front  of  said  stores;  nor  in  any  grain 
elevator  or  elevator  store  or  graded  grain  store;  nor  in  any  fur- 


V 


FORMS  114 


niture  storage  store;  nor  in  any  building  occupied  wholly  or  in 
part   by   the    assured. 

Other  insurance  permitted  without  notice  until  required. 

GRADED  GRAIN  CLAUSE  FORM. 

On  Graded  Grain,  the  property  of  the  assured,  or  held  by 

in  trust  or  on  commission,  or  sold  and  not  delivered,  while  con- 
tained in  the  grain  store  system  of  the  New  York  Dock  Company, 
situate  in  the  Borough  of  Brooklyn,  New  York  City. 

Subject  to  the   conditions   of   Graded   Grain   Clause   below. 

It  is  understood  and  agreed,  that  this  policy  is  subject  to  the 
conditions  of  the  following  warehouse  receipt: — 

"All  warehouse  receipts  for  graded  grain  which  shall  represent 
the  grain  as  stored  in  a  system  of  two  or  more  warehouses,  shall 
not  be  deemed  regular  unless  the  following  condition  is  incor- 
porated in  the  receipt. 

"Tn  case  of  loss  or  damage  by  fire,  so  much  of  the  said  grain 
as  shall  bear  a  like  proportion  to  this  receipt  as  the  lost  or  dam- 
aged grain  of  same  grade  shall  bear  to  all  grain  of  like  grade  in 
this  system  of  warehouses  at  the  date  of  said  disaster,  shall  be 
adjudged  lost  or  damaged,  and  the  obligation  to  deliver  it  under 
this  receipt,  except  as  salvage,  cancelled." 

It  is  also  understood  that  in  case  of  loss  under  this  policy,  this 
Company  shall  be  liable  only  for  such  proportion  of  the  whole 
loss  as  the  amount  of  this  insurance  bears  to  the  cash  value  at  the 
time  of  the  fire  of  the  whole  property  to  which  this  policy  applies, 
but  not  exceeding  the  proportion  which  this  policy  bears  to  the 
whole   amount  of  insurance   thereon. 

It  is  further  understood  that  what  is  known  as  identity  pre- 
served grain  is  not  covered  by  this  policy. 

Other  insurance  permitted  without  notice  until  required. 

6-30-99. 

GRAIN  ON  TRACK  AT  RAILWAY  TERMINALS. 

The  following  blanket  form  is  to  be  used  when  writing  track 
grain  at  railway  terminals.  Rate  1.00. 

"On  grain  and  feed  the  property  of  the  assured  or  held  by  the 
assured  in  trust  or  on  commission  or  on  joint  account  with  others 
or  sold  but  not  delivered  while  contained  in  cars  on  tracks  at  the 
Railroad  Company's  Freight  Station  situate  at 

This  insurance  does  not  cover  grain  and  feed  in  cars  while 
such  cars  are  contained  in  or  on  any  building,  elevator,  freight  shed, 
covered  pier  or  wharf,  or  abattoir."  Circ.  1031-12-9-08. 

JEWELRY  FORM. 

The  following  form  must  be  used  when  it  is  desired  to  cover 
jewelry  stocks  "in  fireproof  safes  or  vaults   or   while  on   display 


V 


FORMS  115 


outside  of  same  during  business  hours,"  in  risks  rated  under  the 
Mercantile  Schedule,  or  under  the  Restricted  Schedule.  It  may  not 
be  changed  or  altered,  added  to  or  cut  down  in  any  manner,  but 
must  be  used  intact  and  complete.  Rate  for  first  item  thereof  in 
specifically  rated  risks  only,  fireproof  .20,  non-fireproof  .30;  other 
items  take  rate  printed  on  card;  if  located  in  fireproof  first  floor 
and(or)  basement  of  a  building  otherwise  non-fireproof  the  rate  for 
first  item  shall  be  .25.  Except  in  risks  rated  under  Restricted 
Schedule  (which  require  90  per  cent  average)  the  80  per  cent  Aver- 
age or  Co-insurance  Clause  is  required  with  usual  allowance  for  100 
per  cent  if  carried;  otherwise  the  rates  named  for  first  item  are  net, 
being  subject  to  no  reduction  or  allowance  whatever.  This  form 
must  not  be  used  at  the  rates  named  above  to  cover  jewelry  stocks 
with  manufacturing,  or  in  minimum  rated  risks. 

$ On    stock    of   jewelry    including    watches     watch    cases    and 

watch  movements  and  diamonds  and  other  precious 
or  semi-precious  stones  unset  and  (or)  set  with  their 
mountings  and  trays  boxes  and  jewelry  cases  containing 
the  same  while  in  fireproof  safes  and  vaults  or  while  on 
display  outside  of  same  during  business  hours  only  on 
premises  occupied  by  the  insured  at 

;  $ On  stock  of  gold    silver  and  plated  ware    clocks    bronzes 

pictures  with  their  frames  rugs  stationery  articles  of  virtu 
and  bric-a-brac  and  all  other  merchandise  not  covered  by 
the  first  item  of  this  policy  on  and  within  said  premises 
while  outside  of  fireproof  safes  and  vaults. 

$ On  store    office  and  workroom  furniture    fixtures    machinery 

and  appurtenances   tools  and  supplies  of  every  description 
counters   shelving  partitions  pictures   paintings  engravings 
and  their  frames    clocks    signs    awnings    mirrors    carpets 
stationery    typewriting  machines    gas  and  electric  fixtures 
heating  apparatus    electric  wiring  and  moulding  covering 
the  same    and  safes  on  and  in  said  premises. 

It  is  understood  and  agreed  that  this  policy  covers  prop- 
erty as  above  described  whether  the  property  of  the  in- 
sured or  held  in  trust  or  on  commission  or  for  storage 
or  for  repairs  with  labor  performed  upon  the  same  or 
sold  but  not  delivered  or  belonging  to  others  and  for  which 
the  insured  is  or  has  agreed  to  be  responsible  in  case  of 
loss  or  damage.  This  policy  does  not  cover  property  of 
others    specifically    insured.  3-15-OG. 

MANUFACTURING  FLOATER  FORM. 

No   manufacturing   floaters    may   be   written   except   under   the 
exact  form  given  below  and  at  the  rate  of  4.00. 

Members  may  not  change  the  form  in  any  way  even  by  charging 
a  higher  rate. 

On 

and  on   Goods  and   Materials  for  making  same,  finished  and   un- 


% 


FORMS  116 


finished,  the  property  of  the  assured,  or  held  by  the  assured  in 
trust  while  in  possession  of  other  parties  to  be  made  up,  and  while 

^   contained  in  any  building  in excepting  any  place  or 

building  used  for  a  prison  or  penal  institution,  and  excepting  in 
any  building  occupied  in  whole  or  in  part  by  the  assured. 

This  policy  does  not  apply  to  or  cover  in  any  premises  where 
the  above  goods  or  materials  are  sent  for  the  purpose  of  being 
cleaned,  sponged,  dyed,  shrunk  or  refinished;  nor  while  in  any 
express  office  or  depot,  nor  while  in  charge  of  any  express  or 
railroad  company  or  other  common  carrier. 

It  is  further  expressly  understood  and  agreed  that  this  insur- 
ance shall  not  cover  on  any  lot  or  parcel  of  goods  which  shall  be 
more  specifically  or  definitely  located  or  described  in  any  other 
insurance  in  this  Company,  or  in  any  other  Company  or  Associa- 
tion, excepting  on  the  excess  of  value  of  such  property  over  and 
above  such  specific  insurance,  and  this  Company  shall  only  be 
liable  on  such  specifically  insured  property  for  its  share  of  such 
loss,  after  all  such  specific  insurance  is  exhausted. 

Also  that  wherever  this   insurance  may  cover,  not  more  than 

$ (10  per  cent  of  the  face  of  the  policy)  shall  apply  or  cover 

in  any  one  building,  and  in  no  event  shall  this  Company  be  liable 
for  any  greater  proportion  of  any  loss  than  the  amount  insured 
bears  to  the  actual  cash  value  of  all  the  property  covered  by 
this  policy. 

Other  insurance  permitted  without  notice  until  required. 

If  a  Manufacturing  Floater  is  written  to  cover  in  any  portion 
of  the  territory  under  the  jurisdiction  of  this  Exchange,  such 
Floater  must  conform  strictly  to  above  form,  and  the  limit  of 
cover  thereof  shall  be  lo  per  cent  of  the  face  of  the  policy,  and 
any  change  in  such  form  or  limit  will  be  considered  a  violation. 

Circ.  268,  A.  C.  9-14-01. 


PAWNBROKERS'  FORM. 

The   following   form   for   Pawnbrokers   must   be   used   whether 
risks  are  rated  specifically  or  by  card  or  under  minimums. 

Circ.  133-4-17-00. 

$ On  the  Right  and  Interest  of  the  assured  in  the  articles  and 

stock  of  merchandise,  hazardous  and  extra  hazardous, 
(merchandise  in  fireproof  safes  excepted),  held  in  trust 
or  in  pledge  by  said  assured  as  pawnbrokers,  including 
interest  accrued  thereon  as  allowed  by  law. 

$ On  the  Right  and  Interest  of  the  assured  in  the  articles  and 

stock  of  merchandise,  hazardous  and  extra  hazardous, 
in  fireproof  safes  only,  held  in  trust  or  in  pledge  by  said 
assured  as  pawnbrokers,  including  interest  accrued  thereon 
as    allowed    by    law. 


^- 


FORMS  117 


$ On  merchandise,  hazardous  and  extra  hazardous,  the  prop- 
erty solely  of  said  assured,  all  contained  in  the 

building,  privileged  to  be  occupied  as 

situate 

This  insurance  does  not  protect  the  interest  of  parties  whose 
goods  are  pledged  to  the  assured;  nor  does  it  cover  the  excess  of 
the  amount  loaned,  with  its  lawful  accrued  interest,  upon  any  article 
above  the  sound  value  of  the  same  at  the  time  of  any  fire. 

Circ.  126-3-15-00. 

The  words  "merchandise  in  fireproof  safes  excepted"  may  be 
stricken  out  of  the  first  item  of  the  Pawnbrokers'  Form,  the  rate 
for  such  item  remaining  unchanged,  and  nothing  being  written 
under  the  second  item  of  such  form.  Circ.  699-2-8-05. 

POLICY  FORM  FOR  MINIMUM  RATED  RISKS. 

All  policies  on  stocks  governed  by  General  Minimum  Rates 
must  describe  the  same  in  the  form  as  follows: 


"On  stock  of  merchandise  consisting  principally  of. 
, (naming  stock)." 


More  than  one  kind  of  merchandise  may  be  included  in  above 
Form,  but  the  rate  for  the  entire  stock  must  be  that  of  the  highest 
rated  merchandise  named.  Such  a  stock  must  not  be  insured  under 
two  or  more  items  at  different  rates;  and  when  it  is  claimed  to 
be  composed  of  classes  of  merchandise  each  of  equal  amount  or 
value,  the  highest  rated  shall  govern,  and  the  entire  stock  must  be 
written  at  such  rate.  Circ.  768-10-11-05. 

Whenever  any  of  the  words,  not  hazardous,  hazardous,  extra 
hazardous  or  specially  hazardous  are  used,  even  when  the  princi- 
pal stock  is  named  under  the  General  Minimum  rates,  the  rate 
must  be  1.50,  unless  there  is  an  occupant  or  a  specific  rate  in  the 
building  to  make  the  rate  higher,  in  which  case  the  higher  rate 
shall  prevail. 

The  addition  of  the  words  "and  on  any  and  all  merchandise," 
or  of  "and  other  merchandise,  hazardous  and  extra  hazardous," 
or  of  any  similar  phrase  enlarging  the  application  of  forms  cover- 
ing on  stocks  governed  by  General  Minimums,  is  a  violation. 

Circ.  131,  M.  4-5-00. 

The  above  Form  must  not  be  used  in  writing  contents  of  coal 
pockets,  contents  of  coal  yards,  contents  of  lumber  yards,  or  con- 
tents of  building  materials  yards.  Circ.  267-9-11-01. 

When  a  stock,  written  at  a  minimum  rate,  under  above  Form 
includes  (paper)  patterns  or  other  articles  named  in  lines  39,  40 
and  41  of  the  Standard  Policy,  a  separate  item  may  be  written 
thereon  if  desired,  the  rate  for  such  separate  item  to  be  that  called 
for  under  general  minimum  rates,  and  no  other  articles  to  be  in- 
cluded therein  than  such  as  are  required  by  the  Standard  Policy  to 
be  specifically  named.  Circ.  715,   M.  3-22-05. 


??r' 


Requirements    in    Correction    of 

Deficiencies. 


The  requirements  which  follow  are  not  rules  of  the  Exchange, 
but  working  rules  for  Manager's  office,  liable  to  change  as  new 
conditions  may  rise,  and  inserted  in  this  Hand  Book  as  a  matter 
of  convenient  reference  to  save  Members  the  necessity  of  con- 
stantly enquiring  how  improvements  may  be  effected. 

If  an  unnecessary  inspection  is  made  the  Manager  shall  charge 
$1.00  therefor  against  the  member  requesting  such  inspection,  and 
upon  bill  rendered  such  charge  shall  be  paid  within  the  first  ten 
days  following  the  close  of  the  month  in  which  such  inspection 
was  made.  If  not  so  paid,  the  Manager  shall  decline  to  make  any 
further  inspections  upon  such  member's  request  until  the  charges 
for  unnecessary  inspections  have  been  paid.  The  member  in  turn 
shall,  within  30  days  after  being  notified  that  an  inspection  was 
unnecessary,  collect  $1.00  from  the  broker  at  whose  request  such 
inspection  was  applied  for,  and  if  the  broker  does  not  pay  within 
that  time  the  member  shall  report  his  name  to  the  Brokerage  Com- 
mittee, who,  after  sending  notice  to  the  broker,  shall  remove  his 
name  from  the  Broker's  List  if  the  amount  is  not  paid  within  ten 
days  following  the  sending  of  the  notice,  and  such  name  shall  not 
be  restored  to  the  list  except  on  payment  of  the  charges  for  un- 
necessary inspections,  together  with  $3.00  to  cover  cost  of  with- 
drawing and  reinstating  the  broker's  name.         Circ.  617-4-13-04. 

Where  deficiencies  are  charged  for  in  a  risk  rated  by  any  other 
than  Mercantile  Schedule,  a  reduction  of  such  charges  may  be 
allowed  if  the  deficiencies  are  remedied  in  accordance  with  the 
following  requirements: 

Ashes. — See  Exchange  pamphlet  No.  3. 

Blower  System. — Must  be  provided  with  metal  conduits  con- 
necting each  machine  with  shavings  vault,  such  conduits  passing  to 
the  outside  of  building  at  each  floor. 

Boilers. — Must  be  outside  of  building,  or  if  located  in  exten- 
sions must  be  cut  off  by  standard  fire  door.  In  woodworking 
establishments,  a  door  must  be  provided  at  each  side  of  the  com- 
municating opening. 

Buckets. — See  Exchange  pamphlet  No.  1. 

Ceilings. — Must  not  be  made  of  paper  or  cloth  or  wood. 

118 


^' 


REQUIREMENTS  IN  CORRECTION  OF  DEFICIENCIES    119 


Communications. — Must  be  provided  with  standard  fire  doors 
at  each  side  of  the  wall,  constructed  and  installed  in  accordance 
with  rules  of  the  New  York  Board  of  Fire  Underwriters. 

Condition. — Premises  must  be  cleaned  up  and  kept  clean.  Stove 
pipe  holes  must  be  closed  up.  Sawdust  must  not  be  used  in  spit- 
toons or  for  catching  oil  or  drippings.  Broken  plastering  must  be 
repaired. 

Drying. — Drying  rooms  must  be  constructed  in  accordance  with 
the  requirements  of  the  New  York  Board  of  Fire  Underwriters. 

Fire  Extinguishers. — Any  make  of  carbonic  acid  gas  hand  fire- 
extinguisher  of  three  gallons  or  more  capacity,  which  has  been 
approved  on  behalf  of  the  National  Board  by  the  National  Fire 
Protection  Association,  and  which  is  installed  and  maintained  in 
accordance  with  the  rules  of  that  Association,  or  this  Exchange, 
will  be  accepted.     See  Exchange  pamphlet  No.  2. 

Circ.  722-4-12-05. 

Fire  Heat. — Glue  must  be  heated  by  steam.  Melting  of  pitch, 
rosin,  wax,  paraffine,  sulphur,  etc.,  must  be  by  a  safe  method. 
Soldering  irons  must  be  heated  by  stationary  gas  mufflers.  All 
low  gas  stoves  shall  be  placed  on  iron  stands,  or  the  burners  shall 
be  at  least  12  inches  above  the  base  of  the  stoves  and  a  metal  guard 
placed  6  inches  below  the  burners,  and  all  woodwork  under  them 
shall  be  covered  by  metal.  Connections  must  be  made  by  iron 
piping;  rubber  tubing  must  not  be  used. 

Flues. — Chimneys  must  be  built  of  brick  and  rest  on  the  ground. 
Stove  pipes  must  run  horizontally  into  the  chimney.  Stove  pipes 
must  not  run  through  floors  or  partitions. 

Floor  Openings. — ^Openings  for  stairways,  elevators,  dummies, 
etc.,  must  be  closed  or  enclosed  so  as  to  prevent  the  spread  of  fire 
from  floor  to  floor.  Dumb  waiter  shafts  open  in  the  basement 
must  be  provided  with  the  same  kind  of  doors  as  floors  above. 
Hatches  with  automatic  attachments  must  be  arranged  to  close  the 
shaft  even  when  the  car  cable  is  down,  with  not  over  2  square  inches 
of  uncovered  opening. 

Gas  Brackets. — Open  gas  lights  in  show  windows  must  be  pro- 
tected by  globes.  Swinging  gas  brackets  must  be  made  stationary 
or  proper  guards  must  be  provided  for  same.  Metal  must  be  put 
on  ceiling  over  all  gas  jets  less  than  three  feet  below  same. 

Heating.— Steam  heat  must  be  substituted  for  stoves  or  fur- 
naces to  secure  removal  of  charge  for  latter. 

Lighting. — Gas  or  electric  lamps  must  be  substituted  for  oil 
lamps. 

Oily  Waste,  or  Rags. — See  Exchange  pamphlet  No.  3. 

Packing  Materials. — ^See  Exchange  pamphlet  No.  4. 

Pails. — See  Exchange  pamphlet  No.  1. 


^ 


REQUIREMENTS  IN  CORRECTION  OF  DEFICIENCIES   120 

Shavings  Vault. — Must  be  of  brick,  ventilated,  and  located  out- 
side of  building.  If  adjoining  boiler  house,  the  opening  to  boiler 
room  must  be  at  right  angles  to  fire  hole  of  boiler,  and  not  nearer 
thereto  than  six  feet;  such  opening  to  be  protected  with  standard 
fire  door. 

Shutters. — All  openings  (windows,  etc.)  in  exterior  walls,  ex- 
cepting those  on  street  front,  must  be  provided  with  fire  shutters 
or  doors  constructed  and  attached  in  accordance  with  rules  of  the 
New  York  Board  of  Fire  Underwriters. 

Side  Walls. — Must  not  be  furred. 

Skylights. — Must  be  of  rough  glass  ^  inch  thick  (wire  glass  pre- 
ferred) supported  in  substantial  metal  frame,  but  when  over  ele- 
vator shafts  of  superior  construction,  thin  glass  in  metal  frame 
with  wire  mesh  over  should  be  used. 

Storage  of  Oils,  Etc. — All  oils,  varnishes,  turpentine,  alcohol  and 
similar  articles  must  be  stored  outside  of  buildings. 

Unsafe  Heating  Apparatus. — Flues,  stoves,  furnaces,  steam  pipes, 
etc.,  reported  unsafe  by  the  New  York  Board  of  Fire  Underwriters 
must  be  corrected  in  accordance  with  specifications  of  the  Heating 
Department  of  that  Board,  which  will  be  furnished  on  application 
to  the  Board,  and  which  must  be  signed  and  returned  when  fully 
complied  with. 

Watchman  and  Clock. — See  Exchange  pamphlet  No.  5. 

Watchman's  Lantern. — See   Exchange   pamphlet   No.   5. 


w 


General    Minimum   Rates 

AS   REVISED,   APRIL  30th,   1902. 


These  General  Minimum  Rates  apply  throughout  the  entire 
Area  of  Operation  of  the  Exchange  except  New  Jersey,  and  ex- 
cept where  superseded  by  specific  rates,  or  by  special  advance. 

All  merchandise  stocks  and  other  risks  mentioned  under  this 
head  must  be  written  at  a  rate  not  less  than  the  minimum  stated. 

Where  a  stock  consists  of  various  hazards  the  minimum  apply- 
ing to  the  greatest  portion  of  the  stock  shall  prevail. 

More  than  one  kind  of  merchandise  may  be  included  in  "Policy 
Form  for  Minimum  Rated  Risks,"  reading:  "On  stock  of  mer- 
chandise consisting  principally  of ,"  but  the  rate  for  the 

entire  stock  must  be  that  of  the  highest  rated  merchandise  named. 
Such  a  stock  must  not  be  insured  under  two  or  more  items  at  dif- 
ferent rates;  and  when  it  is  claimed  to  be  composed  of  classes 
of  merchandise,  each  of  equal  amount  or  value,  the  highest  rated 
shall  govern,  and  the  entire  stock  must  be  written  at  such  rate. 

Circ.  768-10-11-05. 

The  responsibility  for  obtaining  correct  rate  for  a  minimum 
rated  risk  rests  with  the  member  accepting  same;  and  the  attach- 
ment of  certain  warranties  to  a  policy,  or  the  showing  made  by 
the  map,  do  not  relieve  members  from  the  penalties  of  violation 
in  case  such  a  risk  is  subsequently  shown  to  be  written  at  a  rate 
lower  than  that  required  by  the  rules.  Circ.  632,  A.  C.  6-1-04. 

When  charges  for  Unsafe  Heating  Apparatus  originate  with  the 
New  York  Board,  the  rate  card  in  cabinet  covers  a  reference  to  the 
Board  Slip  reporting  the  risk,  and  in  such  case  the  Board  must  be 
consulted  as  to  how  to  remedy  the  faulty  conditions.  Where  no 
reference  is  made  on  the  card  to  the  Board  Slip,  the  charge  origi- 
nates with  the  Exchange,  and  this  office  should  be  consulted  as  to 
a  remedy.  Circ.  380-6-16-02. 

Minimum  rates  do  not  affect  other  contents  of  lesser  hazard 
unless  the  minimum  so  specifies. 

All  buildings  in  entire  Metropolitan  District  not  rated  by  gen- 
eral minimum  or  specific  rate,  contents  of  same  being  rated 
(whether  by  specific  rate,  minimum,  Class  of  Hazards,  or  Dry  Goods 
District),  are  rated  as  follows:  Brick  buildings,  40  per  cent  of 
highest  contents  rate;  but  in  risks  written  under  general  minimum 
stocks  marked  in  the  list  of  general  minimums  with  a  star  shall 

121 


w 


GENERAL   MINIMUM    RATES  122 

not  operate  to  rate  the  building  containing  them  higher  than  24 
cents.  No  building  under  this  rule  shall  rate  below  20  cents.  For 
frame  buildings,  see  below.  5-29-95. 

Where  in  the  list  of  minimums  a  special  minimum  rate  is  men- 
tioned for  building  (as  in  the  case  of  hospitals,  schools,  lodging 
houses,  etc.),  the  same  applies  only  to  brick  buildings,  and,  unless 
otherwise  specified,  frame  or  brick  and  frame  buildings  in  such 
cases  take  the  same  rate  as  contents.  5-29-95. 

Minimum  Rates  for  contents  of  frame,  or  of  brick  and  frame, 
buildings,  occupied  for  mercantile  or  manufacturing  purposes,  shall 
be  increased  25  per  cent  over  the  rates  for  similar  contents  in  brick 
buildings,  except  where  the  minimum  given  in  Hand  Book  is  speci- 
fically stated  to  apply  to  contents  of  a  frame,  or  brick  and  frame 
building.  Circ.  142-6-14-00. 

The  rates  on  frame,  and  brick  and  frame,  buildings,  occupied 
for  mercantile  or  manufacturing  purposes,  and  on  household  furni- 
ture therein,  shall  be  the  same  as  the  lowest  minimum  rated  con- 
tents thereof,  except  where  the  building  is  occupied  in  part  by 
any  of  the  following,  in  which  case  they  (meaning  building  and 
household  furniture)  shall  take  the  rate  of  the  highest  rated  con- 
tents, viz.: — 

Bakeries,  other  than  retail, 

Furniture  Stores, 

Hay  and  Straw  Dealers, 

Junk  Stores, 

Oil  and  Petroleum  Stores, 

Oiled  Clothing  Stores, 

Painters'  Supply  Stores  and   (or)   Painters  other  than  jobbing 

Painter  not  keeping  supplies. 
Photograph  Galleries, 
Printers, 

Rags,  Waste  and  Paper  Stock  Dealers, 
Upholsterers  and  (or)  Mattress  Makers. 
Woodworkers. 

Contents  (other  than  household  furniture)  of  frame,  or  brick 
and  frame,  stores  and  dwellings',  must  be  advanced  25  per  cent  over 
the  General  Minimum  Rates  named  in  Hand  Book. 

Circ.  142-6-14-00. 

Brick  Buildings  occupied  solely  as  Raines  Law  Hotels  are  sub- 
ject to  the  minimum  rate  of  24  cents  per  annum,  or  60  cents  for 
three  years.  Circ.  227,  R.  C.  5-6-01. 

Where  defects  of  heating,  electrical  or  other  apparatus  in  mini- 
mum rated  risks  are  reported  by  the  New  York  Board  of  Fire 
Underwriters,  a  specific  rate  based  upon  the  addition  to  the  mini- 
mum rate  of  at  least  33^  per  cent  shall  be  made  therefor;  such 
specific  rate  to  stand  until  a  Certificate  from  the  Board  that  such 
defects  have  been  corrected  is  presented  to  the  Manager,  when 
such  rate  may  be  withdrawn.  Circ.  201-1-9-01. 


r 


GENERAL   MINIMUM    RATES  123 

Where  a  dagger  (f)  is  prefixed  a  deduction  of  5  cents  is  al- 
lowable for  sole  occupancy. 

The  star  (*)  prefixed  to  certain  stocks  concerns  the  computa- 
tion of  the  building  rate.  This  star  must  not  be  confounded  with 
the  star  in  Classes  of  Hazards  as  issued  by  the  New  York  Board 
of  Fire  Underwriters. 

Academies.    Building 25 

Contents 40 

fAcids — nitric,  muriatic  and  sulphuric 1  00 

fAgents'  Stocks,  shipping,  No  fibre 75 

With  fibre 1  50 

fAgricultural  Implements,  excluding  seeds      ....  60 

tAlcohol 1  00 

fAniline    dyes 75 

Animals  (Pet)  and  Birds 2  00 

Furniture  and   Fixtures 1  00 

fAntimony  25 

Antimony  if  written  specific,  and  with  100  per  cent 
Average  Clause  as  follows: — 

In  Private  Storage  Stores 25 

In  fibre  stores  30  per  cent  discount  from  established 
storage  rates.  On  piers,  30  per  cent  discount  from 
contents  rate  of  pier. 
When  Antimony  is  contained  in  non-fibre  listed  stor- 
age stores  it  shall  be  written  at  proper  addition  to 
Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical List. 

fApothecary 75 

Armories.     Building ,  40 

Contents 75 

*tArt  Goods  and  Pictures 1  25 

*tArtificial  Flowers 1  50 

fArtificial  Limbs,  Trusses 1  00 

fArtists'  and  Photo.  Supplies 1  25 

Artists*   Studios,   except  in  buildings   occupied   solely  as 

dwellings  1  25 

All  contents  of  a  studio  must  be  written  at  the  studio 
rate.  Household  furniture  in  studios  may  not  be 
written  at  a  lower  rate. 

Asylums.     Building 25 

Contents  40 

tAuction  Goods,  general 1  25 

fAuction  Goods,  package 75 

Automobiles  and  (or)  similar  vehicles  propelled  by  the  use 
of  gasolene,  naphtha  or  other  volatile  hydro-carbon  oils. 
Privilege  to  keep  may  be  granted  as  follows,  subject  to 
the  charges  named. 
Privilege  to  keep  not  exceeding  one  such  vehicle  in  a 
private  stable  with  warranty  to  keep  gasolene  and  fill 
tanks  in  accordance  with  the  requirements  of  the  New 
York  Board  of  Fire  Underwriters        .        .        .        10c.  per  $100 


GENERAL   MINIMUM    RATES  124 

Privilege  to  keep  not  exceeding  three  such  vehicles  in  a 
private  stable,  or  in  a  building  not  occupied  for  mer- 
cantile or  manufacturing  purposes,  with  warranty  to 
keep  gasolene  and  fill  tanks  in  accordance  with  the 
requirements  of  the  New  York  Board  of  Fire  Under- 
writers        25c.  per  $100. 

Each  vehicle  in  excess  of  three,  with  warranty  as  above, 
five  cents  additional,  not  exceeding  a  total  charge 
of $1.00  per  $100. 

Privilege  to  house  not  exceeding  one  such  vehicle  in  a 
building  occupied  for  mercantile  or  manufacturing  pur- 
poses, with  warranty  that  no  filling  of  tanks  or  stor- 
age of  gasolene  shall  be  allowed  on  the  premises      25c  per  $100. 

The  above  charges  are  annual  charges,  and  must  be  in- 
creased on  term  policies  in  the  same  ratio  as  other 
term  rates. 

Privilege  to  house  such  vehicles  with  warranty  that  no 
filling  of  tanks  or  storage  of  gasolene  other  than  what 
may  be  contained  in  the  fuel  tanks  of  the  vehicles 
themselves,  may  be  granted  on  policies  covering  in 
private  stables,  or  in  buildings  not  occupied  for  mer- 
cantile or  manufacturing  purposes,  at  one-half  the 
charges  provided  for  above. 

Privilege  to  keep  automobiles  in  a  livery  stable  is  sub- 
ject to  charges  required  above  "in  a  building  not  oc- 
cupied for  mercantile  or  manufacturing  purposes." 

In  cases  where  more  than  five  vehicles  are  kept,  a  specific 
rate  will  be  made  by  the  Manager's  Office  if  requested. 

Circ.  935-11-13-07. 

A  private  family  garage  is  a  building,  or  portion  of  a 
building,  in  which  one  or  more  automobiles  carrying 
volatile  inflammable  liquid  are  kept  for  the  private  fam- 
ily use  of  their  owner,  and  where  automobiles  are  not 
kept  for  sale,  for  rental,  for  exhibition,  or  for  demon- 
stration purposes.  It  shall  be  rated  under  same  general 
minimum  as  private  stables,  and  privilege  for  keeping 
automobiles  therein  shall  be  charged  for  at  same  rates 
as  in  private  stables.  It  shall  be  classed  as  a  Branch 
Office  risk,  and  so  stated  on  card  if  specifically  rated. 

A  private  business  garage  is  a  building,  or  portion  of  a 
building,  in  which  one  or  more  automobiles  carrying 
volatile  inflammable  liquid  are  kept  for  use  solely  in  the 
business  of  their  owner,  and  where  automobiles  are  not 
kept  for  sale,  for  rental,  for  exhibition,  or  for  demon- 
stration purposes.  It  shall  be  rated  under  same  gen- 
eral minimum  as  private  business  stables,  and  privi- 
lege for  keeping  automobiles  therein  shall  be  charged 
for  at  same  rates  as  in  private  stables.  It  shall  be 
classed  as  a  Branch  Office  risk  if  occupied  by  parties 
who  are  engaged  in  such  a  class  of  business  as  may 
be  written  at  Branch  Offices,  and  if  specifically  rated 
such  classification  shall  be  stated  on  rate  card. 

Circ.  917-9-12-07. 


1 


GENERAL   MINIMUM    RATES  125 


Automobile  Supplies,  Stock  of 1  00 

fAwnings  or  Flags 75 

Baby   Carriages,   Stock   of 1  00 

fBags  and  Trunks 75 

Bakeries,  Commission,  with  no  baking  or  cooking      .        .  60 

tBakeries,  retail  75 

Bakeries,   Steam,   Bread  or   Pie 1  25 

Bakeries,  Steam,  Cracker 1  75 

Banks — see  Offices. 

fBarbers  or  Hair  Dressers 75 

fBarbers'  Supplies 1  00 

JBaskets 1  25 

Baths — see   Floating  Baths. 

fBedding,  without  feather  steaming 1  50 

fBeer  and  Liquor  Saloons 60 

fBelting  and  Hose,  rubber  exclusively 60 

fBicycles  and  Bicycle  Supplies 75 

fBilliard  Rooms  50 

Birds  and  Pet  Animals 2  00 

Blacksmiths  or  Horseshoers — see  Horseshoers  or  Black- 
smiths. 

Blank  Book  Factories,  Machinery 1  00 

Other  Contents  .        .        .         .         1  50 

fBlinds,   Doors   or  Sashes 1  00 

JBlock  Tin 25 

Block  Tin   if  written   specific   and   with   100   per   cent 
Average  Clause  as  follows: — 

In  private  Storage  Stores 25 

In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When  Block  Tin  is  contained  in  non-fibre  listed  stor- 
age stores,  it  shall  be  written  at  proper  addition  to 
Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical List. 
When  Block  Tin  is  contained  in  non-fibre  listed  stor- 
age store  not  rated  under  the  Mercantile  Schedule, 
the  rate  therefor  shall  be  that  of  other  contents  less 
30  per  cent. 

Blowers,  ornamental  glass 1  50 

Boathouses,  Building  and  Contents 3  00 

fBone  and  Ivory  Goods 75 

Bookbinders — Machinery 1  00 

Other  Contents 1  50 

fBooks,  general  stock,  sales,  publishers  and  stationers         .  75 

*tBooks,  religious,  with  religious  ornaments  .         .         .         1  00 

fBoots  and  Shoes 50 

Boot  Black   Establishments 50 

(This  does  not  apply  to  Boot  Black  stands  outside  of  buildings.) 

Circ.  917-9-11-07. 

Bottling 75 

fBowling  Alleys 76 


GENERAL   MINIMUM   RATES 


126 


fBrass  in  Pigs 

Brass  in  Pigs — if  written  specific  and  with  100  per  cent 

Average  Clause  as  follows: — 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When  Brass  in   Pigs  is   contained   in  non-fibre  listed 
storage  stores  it  shall  be  written  at  proper  addition  to 
Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical list. 
When  Brass  in  Pigs  is  contained  in  a  listed  non-fibre 
storage  store  not  rated  under  the  Mercantile  Sched- 
ule, the  rate  therefor  shall  be  that  of  other  contents 
less  30  per  cent. 
fBrass — sheet,  bar  or  rod 
fBrass  Goods,  in  packages 
fBrass  Goods,  open    . 
Bread  and  Pie  Bakeries,  Steam 
Breweries,  frame.  Building 

Contents 
Brick  building 
Contents  .... 

Breweries,  Storage,  Cooling,  or  Ice  Houses  of  same  when 
entirely  cut  off: — 

Contents 

Buildings 

Brewers'  Floaters   (see  Floating  Policies). 

fBrewers'  Supplies 

fBric-a-brac 

f  Britannia  Ware 

fBrokers  Samples,  Cotton  (exceeding  250  pounds) 

fBronzes       

fBroom  Corn 

fBrushes 

Building    Materials — Cement,    Hair,    Lime,    Lath,    Brick, 

Second-hand  Lumber  and  Plaster 

Buildings  in  course  of  construction,  see  pages  49-52. 
Buildings  Unoccupied  (not  to  include  buildings  in  course 

of  construction  or  dwellings) 

Bulkheads,  next  water  front,  unless  specifically  rated,  class 
same  as  piers  or  wharves,  open  or  covered. 

fButter 

fButtons 

fCabinet   Makers'    Supplies       .... 
f  Cabinet  Ware,  sales  only,  no  privilege  for  work 
Privilege  to  varnish,  oil  and  upholster 
Candy  Factories,  steam  power.  Contents 

Buildings 
fCandy  and  Confectionery  stocks,  retail  (no  mfg.) 
♦fCandy  stocks — retail  (manufacturing) 
fCane   Stocks      


25 


40 
50 
75 
25 
25 
25 
75 
00 


50 
30 

75 

1  25 
50 

1  50 
50 

1  50 
75 

1  50 


50 


50 
75 
75 
25 
75 
00 
50 
60 
75 
75 


1 
1 
2 
1 


GENERAL    MINIMUM    RATES  127 

fCanned   Goods 75 

fCaps  or  Hats 75 

fCarpets,  Oil  Cloth,  Matting  or  Linoleum      ....  50 

fCarriage  Trimmings 75 

Carriages,  privilege  to  varnish  and  upholster         .         .         .         2  00 

fCarriages  and  Sleighs 75 

Car  Stables  (Horse)  building  and  contents  .         .         .         .         1  50 
tCaskets  or  Coffins  (see  Coffins  or  Caskets). 

fCassimeres  and  Cloths 40 

Cattle,  live 75 

tChamois  Leather  and  Sponges 75 

tChandlery,    Ship 1  50 

tCheese 50 

fChemicals  and  (or)  Drugs. 

See  Drugs  and  (or)  Chemicals. 
tChina,  Crockery  and  Glassware,  in  packages  and  open        .         1  00 
*tChinese,  Japanese  and  Oriental  Goods         .         .         .         .         1  25 
Churches,  v^arranty  to  be  heated  by  steam: — 

Brick:  Building 40 

Furniture 50 

Organ 75 

Frame:  Building 60 

Furniture 60 

Organ 1  00 

If  heated  by  furnaces  or  stoves,  add  25  per  cent. 
(Exchange  form  must  be  used.) 

*tChurch  ornaments 1  00 

fCigars      ...  ........  75 

Cigar  Factories 1  50 

Stock  and  fixtures  in  buildings  occupied  by  tenants  as 
dwellings  and  for  the  manufacture  of  cigars,  com- 
monly called  tenement  house  cigar  factories  (see  also 

page  56) 75 

Cigarette  and  Tobacco  Factories 2  00 

Cleaning  and  Dyeing 2  00 

fClocks 50 

fClothing  and  Cloaks 1  00 

fClothing  Floater — See  Floating  Policies. 
Clothing  Manufacturing — Buildings  occupied  for  manu- 
facture of  clothing  and  not  specifically  rated  take  the 
minimum  rate  for  "sweat  shops,"  viz,  4.00  on  brick  and 
5.00  on  frame,  and  they  must  be  written  at  those  rates 
unless  specific  rates  are  asked  for  and  made. 

*tCloth  Patterns 1  00 

fCloths  and  Cassimeres 40 

fCloths  with  Tailors*  Trimmings 75 

Club  Houses.     Building 25 

Contents 40 

Coal  Pockets  and  (or)  Coal  Yards,  office,  stable  and 
sheds,  with  a  warranty  (as  below)  that  no  Bituminous 
or  Soft  Coal  will  be  carried  in  stock  or  stored  on  the 
premises     ...        * 75 


r^ 


GENERAL    MINIMUM    RATES 


128 


"As  a  part  of  the  consideration  for  which  this  policy- 
is  issued,  it  is  hereby  made  a  warranty  by  the  insured 
that  no  Soft  or  Bituminous  Coal  will  be  carried  in 
stock  or  stored  in  the  above  described  premises  dur- 
ing the  term  of  this  policy." 

Same  with  warranty  (as  below) 

"As  a  part  of  the  consideration  for  which  this  policy  is 

issued,  it  is  hereby  made  a  warranty  by  the  insured 

that  the  value  of  Soft  Coal  carried  in  stock  or  storage 

on  premises  shall  not  at  any  time  exceed  eight  per 

cent  (8%)   of  the  total  amount  of  insurance  carried 

on  the  entire  stock." 

Same  without  warranty  as  to  Soft  Coal  .         .         .         . 

Coal  Trestle  on  a  Pier — rate  of  Pier. 

fCoffee,    Spices   and   Teas,   wholesale    or   retail,   including 

sample    stocks 

fCoffins  and  Caskets 

fCoffins  and  Caskets  with  warranty  for  no  woodworking  or 

varnishing 

Cold  Storage  Stores: 

All  contents,  including  machinery 

Building 
Cold  Storage  in  Listed  Storage  Stores 
Colleges.     Building  .... 

Contents  . 

Commissions  and  Profits,  see  pages  56,  57. 
Common  Carriers,  see  pages  104-106. 

*tConfectioners    Supplies 

^fConfectionery — other  than  retail  candy  stocks  . 

(See    Candy   stocks — retail.) 
Contractors'  or  Builders'  Tools,  Implements,  etc.,  while  in 
tool  house  in  front  of,  or  adjoining,  or  within  a  build- 
ing in  course   of  construction 
Convents.     Building 
Contents 
Cooperage  (stocks  only) 
fCopper  in  Ingots,  Cakes  and  Bars 

Copper  in   Ingots,  Cakes  and  Bars,  if  written  specific 
and  with  100  per  cent  Average  Clause  as  follows: — 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 
pier. 

When  Copper  in  Ingots  is  contained  in  non-fibre  listed 
storage  stores  it  shall  be  written  at  proper  addition 
to  Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical List. 

When  Copper  in  ingots,  cakes  and  bars  is  contained  in 
a  listed  non-fibre  storage  store  not  rated  under  the 
Mercantile  Schedule  the  rate  therefor  shall  be  that  of 
other  contents  less  30  per  cent. 


1  00 


1  75 


60 

00 

60 

00 
40 
60 
25 
40 


1 

1 


00 
00 


1  00 
25 
40 

1  00 
25 


GENERAL    MINIMUM    RATES  129 

fCordage 75 

fCork  and   Corkwood 76 

Cornice    Makers 1  00 

fCorsets 76 

♦fCostumes  or  Theatrical  Goods 1  50 

fCotton  and  Wool  Yarns 50 

fCotton  Bats  and  Wadding 1  25 

fCotton  Brokers  Samples  (exceeding  250  lbs.)       .         .         .         1  50 

Cotton  Seed  Oil 1  00 

fCountry   Produce 50 

Covered  Piers  and  Wharves  (see  Wharves  and  Piers). 

Cracker  Bakery,  Steam 1  75 

fCrockery,  China  and  Glassware,  in  packages  and  open         .         1  00 

Crude    Rubber 25 

Crude  Rubber — if  written  specific  and  with  100  per  cent 
Average  Clause  as  follows: — 

In  Private  Storage  Stores 25 

In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When   Crude   Rubber  is  contained  in  non-fibre  listed 
storage  stores  it  shall  be  written  at  proper  addition 
to  Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical List. 
When  Crude  Rubber  is  contained  in  a  listed  non-fibre 
storage  store  not  rated  under  the  Mercantile  Sched- 
ule the  rate  therefor  shall  be  that  of  other  contents 
less  30  per  cent. 

*tCurios .         1  25 

tCurled  Hair 75 

fCurtains,   Laces  and  Embroideries 75 

Custom  Duties  paid  or  to  be  paid  to  United  States  Gov- 
ernment on  merchandise — same  rate  as  stock. 
tCatlf.ry,  Surgical  Instruments  and  Optical  Goods         .         .         1  00 

*tDecorations  and  Paper  Hangings 1  25 

fDelicatessen 60 

fDental   Materials 75 

Dentists'  and  (or)  Physicians'  tools,  materials  and  appara- 
tus, when  written  specifically  and  when  located  in 
dwellings  or  in  buildings  occupied  as  stores  on  the 
first  floor  with  exclusively  dwellings  above,  and  so 

warranted  in  policy 50 

Where  the  assured  makes  his  home  on  the  premises, 
dental  tools  or  physicians'  implements  may  be  writ- 
ten at  same  rate  as  household  furniture  (no  change 
in  warranty  for  dwellings  or  store  with  exclusively 
dwellings  above  being  required),  but  when  such  den- 
tist or  physician  rents  an  office  in  a  building  apart 
from  his  home  such  risk  shall  be  considered  business 
occupancy,  and  written  at  the  minimum  named  above 
or  at  specific  rate  obtained  from  the  Exchange. 


GENERAL    MINIMUM    RATES  130 


Diamonds  unset,  covering  specifically  while  in  fireproof 
safes,  20  cents,  subject  to  no  deduction  except  10  per 
cent  for  100  per  cent  Average  Clause  (applies  to  no 
other  precious  stones). 

fDining  Rooms 75 

fDoors,  Sash  or  Blinds 1  00 

Dredges,  steam 1  50 

fDressmakers 80 

Where  dressmaking  is  carried  on  with  not  more  than 
five  hands  in  living  apartments  of  buildings  other- 
wise occupied  exclusively  as  dwellings  and  (or)  as 
stores  with  exclusively  dwellings  above  grade  floors, 
such  limited  occupancy  shall  not  affect  the  rate,  pro- 
viding there  is  no  salesroom  in  connection  with  the 
business  named;  and  the  usual  commission  payable 
upon  dwellings  or  stores  with  exclusively  dwellings 
above  may  be  allowed  upon  policies  covering  such 
limited  occupancy. 

fDress  Trimmings 75 

fDried  Fruit 60 

Druggists,  retail.     See  Apothecaries 75 

fDruggists'  Sundries 1  00 

fDrugs,  dry 1  00 

fDrugs  and  (or)  Chemicals,  wholesale,  with  warranty  that 
fulminates  of  silver  or  mercury,  ethers,  sweet  spirits 
of  nitre,  nitro-benzole,  methylic  alcohol,  bi-sulphide 
of  carbon,  metallic  potassium,  metallic  sodium,  quick- 
lime, phosphorus,  bi-chloride  of  tin,  saltpetre,  nitrate 
of  potash,  nitrate  of  soda,  nitrate  of  ammonia,  chlo- 
rate of  potash,  and  other  chlorates,  will  not  be  stored 

on  premises 1  50 

With   warranty  that   same   are   stored   in   vault   under 

sidewalk,  cut  off  with  approved  doors  .        .        .        .        1  75 

Without  any  warranty 2  50 

fDry  Colors,  Paints  and  Varnishes 1  50 

Dry  Docks,  structure  and  contents 1  00 

fDry  Drugs 1  00 

fDry   Goods 75 

Dwellings   (other  than  in   Long   Island  City),  with  war- 
ranty that  building  is  occupied  exclusively  for  dwell- 
ing purposes  by  not  more  than  two  families. 
Brick,  Stone  or  Iron: — 

Building 10 

Household   Furniture 16 

Frame  or  brick  filled,  or  brick  and  stucco: — 

Building 16 

Household   Furniture 20 

The  Manager  is  authorized  to  specifically  rate  any 
dwelling  house  of  fireproof  construction  upon  survey 
and  satisfactory  proof  that  the  construction  is  of  fire- 
proof character,  the  rate  to  be  60  per  cent  of  the  mini- 
mum rate  for  a  brick,  stone,  or  iron  dwelling  of  non- 
fireproof  construction,  but  no  member  shall  make  an 


GENERAL    MINIMUM    RATES  131 

allowance  at  the  counter  for  fireproof  construction  of 
a  dwelling. 

The  Manager  is  authorized,  when  specifically  rating 
private  dwellings  of  fireproof  construction,  to  make 
an  allowance  of  25  per  cent  on  contents  thereof;  but 
no  allowance  for  fireproof  construction  is  to  be  made 
at  the  counter.  Circ.  1087,  6-9-09. 

Flat  Houses  (other  than  Long  Island  City),  with  war- 
ranty that  building  is  occupied  exclusively  for  dwell- 
ing purposes. 

Brick 15 

Household   Furniture 20 

Frame 20 

Household  Furniture 24 

A  Flat  is  defined  as  a  building  occupied  by  more  than 
two  families. 

Outbuildings  and  their  contents  on  the  same  lot  with 
dwelling  if  written  under  the  following  form: — 

"On building,  located  on  the  same  lot  with  dwell- 
ing. Privilege  to  be  occupied  for  storage  of  garden 
tools,  implements,  family  supplies  and  household 
goods,  the  property  of  the  occupant  of  said  dwelling." 

Brick,  Stone  or  Iron: — 

Building 20 

Contents 26 

Frame  or  brick  filled: — 

Building 32 

Contents 32 

If  outbuildings  located  on  same  lot  with  dwelling  occu- 
pied for  storage  of  garden  tools,  implements,  family 
supplies  and  (or)  household  goods,  are  written  along 
with  dwelling,  the  policy  becomes  a  blanket  subject  to 
100  per  cent  Average  Clause  without  any  deduction 
therefor,  and  the  rate  for  Outbuildings  must  apply 
to  entire  item. 

Outbuildings  occupied  for  the  storage  of  garden  tools, 
implements,  family  supplies,  and  household  goods, 
located  on  the  same  lot  as  dwelling,  may  not  be  writ- 
ten at  same  rates  as  dwellings  or  stores  and  dwell- 
ings; but  must  be  written  under  a  specific  item, 
and  at  the  rates  named  therefor  in  general  minimum 
rates. 
Dwellings  with  Stores  on  grade  Floor  and  Basement;  see 
Stores  and  Dwellings. 

Dyeing  and  Cleaning 2  00 

Dyeing  and  Cleaning  Receiving  Stations,  with  warranty 
that  no  dyeing  or  cleaning  will  be  done  on  the  prem- 
ises        75 

fDyewoods  and  Dyestuffs       * 75 

tEggs 50 

fElectric  and  Gas  Fixtures 80 

fElectrical  supplies  and  apparatus,  stocks  of  .        .        .  80 

Elevators,  Grain  (public),  building  and  contents  .        .        2  50 


GENERAL   MINIMUM    RATES  132 

fEmbroideries,  Curtains  and  Laces 75 

Envelope  Factories: — 

Machinery 1  00 

Stock 1  50 

tEssential  Oils 1  00 

Fancy  Goods .        .        .        1  50 

*tFeathers,  Raw,   except   ostrich 1  50 

Raw  Ostrich 50 

fPeed  Stores,  if  warranted  that  hay  and  straw  shall  not  be 

kept  on  the  premises 60 

(If  no  warranty,  take  rate   for  "Hay  and   Straw"  on 
page  135.) 
Farm  Barns  and  (or)  Stables,  must  take  the  rate  of  "All 
other  stables"  as  given  on  pages  143  and  144  of  Hand 
Book,  viz — 

Brick,  contents 1  00 

Brick  and  frame  building  and  contents     .        .        .        .        1  25 

Frame  building  and  contents 1  50 

Ferry  Boats,  plying  on  regular  ferries  between  the  Cities 
of  New  York,  Brooklyn,  Long  Island  City,  Jersey 
City,  Hoboken,  Weehawken  and  Staten  Island: — 

Steel  or  Iron  Hull 50 

Wood   Hull  75 

Subject  to  80  per  cent  Average   Clause. 

Ferry  Houses 1  25 

fFertilizers  60 

Fireworks.  Privilege  to  keep  fireworks  must  be  charged 
for  additional  to  rate  of  original  policy  at  the  short 

rate  of 2  50 

The  minimum  charge  shall  be  that  for  a  term  of  one 
month. 

The  2.50  rate  for  fireworks  privilege  must  be  charged 
on  building  as  well  as  contents.  Also  no  deduc- 
tion may  be  made  from  this  rate  for  100  per  cent 
Average  Clause,  sole  occupancy,  automatic  sprink- 
lers or  alarm.  Also  no  charge  less  than  that  for  one 
month,  viz.,  50  cents,  may  be  made.  No  charge  need 
be  made  for  the  sale  of  only  firecrackers  or  torpedoes, 
but  there  must  in  such  case  be  a  stipulation  that  no 
fireworks  are  to  be  kept  or  sold. 
The  charge  of  50  cents  per  month  for  privilege  to  keep 
Fireworks  must  be  increased  25  per  cent  when  such 
privilege  is  granted  on  policies  covering  in  frame 
buildings. 

fFish 50 

fFishing  and  Fowling  Tackle 75 

Fixtures  and  Furniture  rate  same  as  contents,  and  subject 
to  same  deductions  as  contents  policy. 

fFlags  or  Awnings 75 

Flats,  see  Dwellings,  etc. 

Floating  Baths  (public),  building  and  contents     .        .        .        1  25 

Floating  Policies — (merchandise). 


1  25 

1  25 

2  50 

2  50 

2  50 

2  50 

2  50 

2  50 

GENERAL   MINIMUM    RATES  133 

No.  1,  Ordinary  excess  floater,  excluding  cotton 
"    2,         "  limited  floater,  excluding  cotton 

"     3,         "  excess  cotton  floater 

"    4,         "  limited  cotton  floater 

No.  5,  Broad  excess  floater,  excluding  cotton  . 
"     6,       "       limited  floater,  excluding  cotton 
"     7,       "       excess  cotton  floater 
"     8,       "       limited  cotton  floater     . 

Automatic  Fire  Alarm  Service,  on  wiring,  thermostats, 
connections,  indicator  boxes  and  all  other  property 
incidental  to  the  Automatic  Fire  Alarm  Service,  in- 
cluding cost  of  labor  of  installing  the  equipment, 
contained  in  any  building  in  the  Boroughs  of  Man- 
hattan and  Brooklyn.  Liability  limited  to  not  more 
than  $500  in  any  one  building.  Rate  1.25.  Subject 
to  Full  Average  Clause  without  5  per  cent  waiver. 

Brewery  interest  as  owner  or  chattel  mortgagee  in 
saloon  furniture  and  fixtures  while  contained  in  build- 
ings located  within  the  territory  of  this  Exchange 
(except  New  Jersey),  with  100  per  cent  Average 
Clause  and  without  the  5  per  cent  waiver     .        .        .        1  25 

Clothing  in  process  of  manufacture  in  dwellings,  or  in 
dwellings  in  buildings  occupied  as  stores  with  war- 
ranty for  exclusively  dwellings  above  the  grade  floor, 
with  100  per  cent  Average  Clause,  and  without  5  per 
cent  waiver 2  00 

Household  Furniture  Floaters  covering  in  dwellings 
and  (or)  stores  with  exclusively  dwellings  above  the 
grade  floor,  and  so  warranted  in  policies  (with  100 
per  cent  Average  Clause  and  without  the  5  per  cent 
waiver) 1  00 

Housefurnishings,  wall  and  ceiling  decorations,  wall 
papers  and  wall  coverings,  ladders,  scaffolding,  lum- 
ber, painters'  and  decorators'  supplies,  and  all  tools, 
implements  and  utensils  used  in  the  business  of  as- 
sured as  house-furnishers  and  decorators,  all  while 
contained  in  any  brick  or  frame  building  occupied 
for  dwelling  purposes  only,  and  so  warranted  in  poli- 
cies, situate  anywhere  in  the  Borough  of  'Manhattan, 
in  the  Borough  of  Brooklyn,  in  that  portion  of  the 
Borough  of  Queens  known  as  Long  Island  City,  and 
in  that  portion  of  the  Borough  of  the  Bronx  west  of 
the  Bronx  River,  all  in  Greater  New  York  (with  100 
per  cent  Average  and  without  the  5  per  cent  waiver)         1  00 

Manufacturing  Floater  must  be  written  under  the  tariff 
form  and  rate  (see  pages  115  and  116). 

Neckwear  Floaters  covering  in  dwellings  and  (or) 
stores  with  exclusively  dwellings  above  grade  floor 
and  so  warranted  in  policies  (with  100  per  cent  Aver- 
age Clause  and  without  the  5  per  cent  waiver)       .        .        2  00 

Piano  Forte  Floaters  covering  in    dwellings  and  (or) 
stores  with  exclusively  dwellings  above  grade  floor 


GENERAL   MINIMUM   RATES  134 

and  so  warranted  in  policies  (with  100  per  cent  Aver- 
age Clause  and  without  the  5  per  cent  waiver)     .        .        1  00 

Printers  Floaters 4  00 

Soda  Fountains  and  all  appurtenances  and  connections 
while  contained  in  (or)  on  the  premises  or  in  front 
of  any  building  in  the  City  of  New  York,  with  100 
per  cent  Average  Clause  and  without  5  per  cent 
waiver 1  25 

It  being  understood  that  wherever  this  insurance  may 

cover  not  more  than  10  per  cent  amounting  to  $ 

shall  apply  or  cover  in  or  in  front  of  any  building. 

Soda  Water  Fountains  and  Apparatus  in  connection 
therewith,  contained  in  any  building  occupied  as  store 
with  exclusively  dwellings  above  the  grade  floor  and 
so  warranted  in  policies  (with  100  per  cent  Average 
Clause  and  without  the  5  per  cent  waiver)  .        .        1  00 

Tackle  gear  and  appurtenances  pertaining  to  a  steve- 
dore's business  while  in  transitu  in  or  on  any  of  the 
streets,  yards,  wharves,  piers  and  bulkheads  in  the 
territory  of  this  Exchange  (except  New  Jersey),  and 
while  afloat  in  transitu  in  the  Ports  thereof.  (For 
conditions  of  Average  Clause  and  exceptions  named, 
see  form  as  printed  on  Circular  No.  159.)     Rate        .        1  75 

Tanks  for  Soda  Water  and  Similar  Liquids,  valued  at 
$25.00  each,  while  contained  in  any  building  occu- 
pied as  a  store  with  dwellings  only  above  grade  floor, 
in  the  territory  of  the  Exchange  (except  New  Jersey), 
with  100  per  cent  Average  Clause  and  without  the  5 
per  cent  waiver 25 

Typewriter  machines  in  buildings  occupied  exclusively 
for  dwellings  and  (or)  stores  with  exclusively  dwell- 
ings above  grade  floor  and  (or)  exclusively  office 
purposes  and  so  warranted  in  policies,  with  100  per 
cent  Average  Clause  and  without  the  5  per  cent 
waiver .        1  00 

Tourists   Floater,   net.  Circ.   1098,  7-14-09.        2  00 

Any  other  form  of  floater  desired  covering  merchan- 
dise or  other  kinds  of  personal  property  not  less  than        3  00 

fFlooring,  Parquetry  1  25 

*tFlorists'  Stock 1  50 

Furniture  and  Fixtures 75 

Flouring  or  Feed  Mills,  steam,  buildings  and  contents        .        3  00 
fFlour  and  Feed  Stores,  retail.    (If  warranted  that  hay  and 

straw  shall  not  be  kept  on  the  premises.)  ...  60 

If  no  warranty,  take  rate  for  Hay  and  Straw,  page  135. 

fFlour  Warehouses,  wholesale  stocks 40 

Foundries  and  Machine  Shops: — 

Brick,  buildings  and  contents 1  00 

Frame,  or  brick  and  frame.  Building        .        .        .        .        2  00 

Contents    "    .        .        .        .        2  00 

fFowling  and  Fishing  Tackle .  75 

♦fFruit  (other  than  dried  Fruit) 1  00 


GENERAL   MINIMUM    RATES  135 

fFruit,   dried 60 

Furniture,  Household.     See  Household   Furniture. 
Furniture  and  Fixtures  rate  same  as  contents,  and  subject 
to  same  deductions  as  contents  policy. 

fFurniture  Salesroom,  without  privilege  to  work        .        .  1  25 

With  privilege  to  varnish,  oil  and  upholster     .        .        .  1  75 

Furniture  Storage.     Building            1  00 

Contents  .......  1  50 

fFurs,  dressed  or  finished 1  00 

fFurs,  undressed 75 

*tGames  or  Toys         .        . 1  25 

fGasfitters   and   Plumbers 75 

Gas    Houses    or   Gas    Works,    Gas   Tanks    and   all    other 
property,    including    buildings    and    machinery    and 

other  contents 75 

fGas  Fixtures 80 

fGents'  Furnishing  Goods 75 

Glass   Blowers,    Ornamental 1  50 

fGlass,  Plate  or  Window,  in  boxes  or  unpacked     ...  75 

fGlassware,  Crockery  and  China,  in  packages  and  open    .  1  00 

fGlaziers  and  Painters 1  50 

♦fGloves 1  00 

tGlue  and  Sandpaper 75 

Gold  and  Silver  Beaters -75 

Goods  in  fireproof  safes  (see  page  142). 

Graded  Grain,  in  series  of  stores 1  25 

I.  P.  Grain,  when  in  two  or  more  stores        ...  75 

Grain  Elevators,  building  and  contents,  public     .        .        .  2  50 
Grain    Warehouses,    with    elevators    attached    (Transfer 

Elevators) 1  25 

*Graphophones  and  Graphophone  Records     .        .        .        .  1  25 
Greenhouses    (strictly  private,  if  detached). 

Building  and  Heating  Apparatus 75 

Contents 2  00 

Greenhouses.     Building 1  50 

Contents 2  00 

fGroceries   or   Grocers'   Supplies 50 

fGuano 60 

fGunny  Bags 50 

tGuns 75 

tGunsmiths 75 

fHair  Dressers  or  Barbers 75 

♦fHair,   Human 1  00 

fHardware  or  Locks 75 

Hardwood,  Mahogany,  Staves  and  Timber  Yards        .        .  45 

fHarness    or    Saddlery 75 

fHats  or  Caps 75 

fHay  and  Straw,  bundles  and  bales 2  00 

tHerbs  and  Roots 75 

fHides  and  Leather: — 

Belting  Leather,  Hides,  Kips,  Rough  Leather  and  sole 

Leather 25 


GENERAL   MINIMUM   RATES  136 

Grain  Leather,  Harness  Leather,  Split  Leather,  Tanned 

Calf  Skins  and  Upper  Leather  made  from  Hides        .  40 

Fancy  Leather  and  Morocco,  General  Shoe  Finding 
Stock,  Tanned  Kids,  Tanned  Sheep  Skins,  General 
Stock  of  Fancy  Skins  for  Tanning,  Untanned  Calf, 
Goat  and  (or)  Sheep  Skins,  Kangaroo  Skins        .        .  75 

tHoIlowware   (metal  pots,  etc.) 60 

Homes.     Building 25 

Contents 40 

j-Hops 1  00 

fHorn  Goods 75 

Hospitals.     Building 25 

Contents 40 

Horse  Car  Stables,  building  and  contents      .        .        .        .        1  50 
Horseshoers  or  Blacksmiths: — 

Brick.     Contents 1  00 

Frame,  or  brick  and  frame,  Building  and  contents        .        1  50 
Horseshoers    or    Blacksmiths    (except    as    below),    hand 

power,  with  no  wood  working 75 

Horseshoers  or  Blacksmiths,  hand  power,  with  no  wood 
working,  occupying  one  floor  only,  namely:  grade 
floor  or  basement,  with  only  dwellings  above  grade 

floor 50 

fHose  and  Rubber  Belting,  rubber  exclusively        ...  50 

fHosiery,  Notions  and  White  Goods 75 

fHouse  Furnishing  Goods 1  00 

Household    Furniture,   50   per   cent   of   the    highest   con- 
tents. 
House  Furnishings,  wall  and  ceiling  decorations  (floater), 
see  Floating  Policies,  page  133. 
fHouse  Trimmings,  Doors,  Sashes  or  Blinds        .        .        .        1  00 

♦fHuman   Hair 1  00 

flnstruments,  scientific  or  mathematical  .        .        .        .        1  00 

flron  in  Pigs 25 

Iron  in  Pigs,  if  written  specific  and  with  100  per  cent 

Average  Clause  as  follows: — 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  Piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When  Iron  in  Pigs  is  contained  in  non-fibre  listed  stor- 
age stores  it  shall  be  written  at  proper  addition  to 
Base  Rate  or  charge  named  therefor  in  the  Alpha- 
betical List. 
When  Iron  in  Pigs  is  contained  in  a  listed  non-fibre 
storage  store  not  rated  under  the  Mercantile  Schedule 
the  rate  therefor  shall  be  that  of  other  contents  less 
30  per  cent, 
flron,  in  sheet,  wire,  hoop,  bar,  bolts  or  rod        ...  40 

fivory  and  Bone  Goods 75 

*fjapanese,  Chinese  and  Oriental  Goods        .        .        .        .        1  25 
f  Jewelers  or  Machinists  Tools  or  Supplies      ....  75 


GENERAL   MINIMUM    RATES  137 

tJewelry,    including   watches,   clocks   and   bronzes,   out   of 

safes 50 

In  fireproof  safes  (excepting  watches  and  watch  move- 
ments)   35 

Jewelry,  including  watches  and  watch  movements,  in 
approved  fireproof  safes,  with  100  per  cent  Average 

Clause 35 

Jewelry,  including  watches  and  watch  movements,  in 
approved  fireproof  safes,  with   80  per  cent  Average 

Clause 4:5 

Jewelry  or  Silverware  Manufacturing  (rates  whole  build- 
ing)    60 

Jewelry  or  Silverware  in  fireproof  safes  where  manu- 
facturing is  done,  with  100  per  cent  Average  Clause  30 
tJunk  Stores,  no  rags  and  waste        .        .        .        .        .        .        2  00 

*tKid  Gloves 1  00 

fKnit  Goods 75 

fLabels 1  00 

fLaces,   Embroideries   and    Curtains 75 

Ladies',  Infants'  and  Children's  Furnishings        .        .        .        1  25 

fLadies'  Tailors 80 

Ladies'  Waists 1  25 

fLamp    Stores 1  00 

Laundries,   steam 2  00 

Laundries,   hand 1  00 

Laundry  Receiving  Stations,  with  warranty  that  no  laun- 
dry work  will  be  done  on  the  premises        ...  75 

fLead  in  Pigs 25 

Lead  in  Pigs,  if  written  specific  and  with  100  per  cent 

Average  Clause  as  follows: — 
In  Private  Storage  Stores,  25  cents. 
In   fibre  stores,  30  per  cent  discount  from  established 
storage  rates.     On  Piers,  30  per  cent  discount  from 
contents  rate  of  pier. 
When   Lead   in   Pigs   is   contained  in   non-fibre   listed 
storage  stores  it  shall  be  written  at  proper  addition 
to  Base  Rate  of  charge  named  therefor  in  the  Alpha- 
betical List. 
When  Lead  in  Pigs  is  contained  in  a  listed  non-fibre 
storage  store  not  rated  under  the  Mercantile  Schedule 
the  rate  therefor  shall  be  that  of  other  contents  less 
30  per  cent. 
fLeather   (see   Hides   and   Leather). 
tLeather  Bags,  Pocket  Books  or  Trunks        ....  75 

JLibraries    (Public) ,        .        .  60 

fLinoleum,  Carpets,  Oil  Cloth  or  Matting        ....  50 

tLiquor  and   Beer   Saloons 60 

fLiquors  or  Wines,  with  or  without  privilege  to  bottle  or 

pack 60 

Lithographers  and  Printers,  foot  and  hand  power        .        .        1  00 
Steam    Power 1  75 


GENERAL   MINIMUM    RATES 


138 


If  warranty  is  made  against  use  of  benzine  and  other 
products  of  petroleum,  25  per  cent  may  be  deducted 
(except  from  specific  rates). 

Live    Cattle 

fLocks  or  Hardware 

{•Locksmith  

♦fLodge  Regalia  and   Furniture        .        .        . 
Lodging  Houses: — 

All  contents  of  any  building  occupied  either  wholly  or 
in  part  for  such  purposes,  not  less  than 

Building  ..... 

♦fLooking  Glass,  Picture  Frame  or  Moulding 
Lumber  Yards  and  Sheds,  buildings  and  contents. 

Soft  Wood 

Hard  Wood 

Logs,  Timber,  Staves,  'Mahogany 
Macaroni,  Vermicelli  and  Noodles 
Machine  Shops  and  Foundries: — 
Brick,  buildings  and  contents 
Frame,  or  brick  and  frame,  Building 

Contents 
fMachinists  or  Jewelers  Tools  and  Supplies 
Mahogany,  Hardwood  and  Staves 

fMalt 

Malt  Houses: — 

Frame,  or  brick  and  frame,  Building 

Contents 

Brick,    Building 

Contents  .... 

Manufacturing   Jeweler     .... 
Manufacturing    Risks.     Steam    power    unless    specifically 
rated  or  stated,  2.00,  and  other  contents  of  less  haz- 
ard not  less  than  1.50. 
Steam  power  shall  include  all  risks  using  any  motive 
power,    whether    steam,    electricity,   hot    air,    gas    or 
oil,  to  operate  machinery. 
Hand    power    shall    include    all    manufacturing    risks 
where    motive    power    or    shafting    is    not    used    to 
operate  machinery. 

fMarble 

fMarket  Houses,  brick 

fMarkets,   Retail,   Meat 

fMarquetry 

fMatches 

fMathematical  or  other  Scientific  Instruments 

fMatting 

tMeat  Markets,  retail 

Mechanic's  Privilege.     See  page  67. 

fMedicines,  Patent 

tMerchant    Tailors 

fMercury  in  Flasks 

Mercury  in  Flasks,  if  written  specific  and  with  100 
per  cent  Average  Clause  as  follows: — 


75 
75 

75 
1  00 


75 
45 

1  25 

80 

45 

45 

1  00 

1  00 

2  GO 
2  00 

75 
45 
75 

1  25 
1  50 

75 
1  00 

60 


60 
1  00 

50 
1  25 
1  25 
1  00 

50 

50 

75 
60 
25 


GENERAL  MINIMUM  RATES  139 


In  Private  Storage  Stores,  25  cents. 

In  non-fibre  stores,  25  cents. 

In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When    Mercury   in    Flasks    is    contained   in   non-fibre 
listed  storage  stores  it  shall  be  written  at  proper  ad- 
dition to  Base  Rate  of  charge  named  therefor  in  the 
Alphabetical  List. 
When  (Mercury  in  Flasks  is  contained  in  a  listed  non- 
fibre  storage   store   not  rated  under  the   Mercantile 
Schedule   the   rate   therefor   shall   be   that   of  other 
contents  less  30  per  cent. 
fMetals,  in  pig,  bar  and  rod  (applies  to  iron  when  in  pig 

only) 25 

♦fMilitary  Goods 1  50 

*tMilliners  or  Millinery   Goods 1  25 

Where  making  of  millinery  is  carried  on  with  not  more 
than  five  hands  in  living  apartments  of  a  building 
otherwise  occupied  exclusively  as  dwellings  and  (or) 
stores  with  exclusively  dwellings  above  grade  floor, 
such  limited  occupancy  shall  not  affect  the  rate,  pro- 
viding there  is  no  salesroom  in  connection  with  the 
business  named;  and  the  usual  commission  payable 
upon  dwellings  or  stores  with  exclusively  dwellings 
above  may  be  allowed  upon  policies  covering  such 
limited  occupancy. 

fMineral  Waters 50 

JMouldings  1  25 

♦fMusical  Instruments  and  Printed  Music        ,        .        .        .        1  25 

fNails 75 

fNaval  Stores 1  50 

Neckwear 75 

Neckwear  Floaters,  see  Floaters,  page  133. 

tNitrate  Soda 1  00 

fNotions,  White  Goods  and  Hosiery 75 

Office  Buildings,  ordinary.  Contents 40 

Building 20 

Office  Buildings,  libraries,  furniture   and  fixtures   in  fire- 
proof  buildings,   occupied    solely   above   grade    floor 

for  office  purposes 20 

Office  furniture  and  fixtures  in  building  occupied  as  Offices 

on  grade  floor  with  exclusively  dwellings  above         .  40 

toil  and  Petroleum  Stores 2  50 

toil    Cloth *       .        .        .        .  50 

toiled  Clothing 1  50 

Oils,  Cotton  Seed 1  00 

toils.   Petroleum,   Illuminating 2  50 

Lubricating,  Fish  and  Vegetable 1  00 

Essential 1  00 

Olive   Oil 1  00 

♦tOptical   Goods 1  00 


GENERAL  MINIMUM  RATES 


140 


religious) 


with  100 


♦fOrgans 

♦fOriental,  Japanese  and  Chinese   Goods 
Ornamental  Glass  Blowers 
♦fOrnaments,  Books  or  Supplies  (church  or 
fOstrich  Feathers,  Raw     .... 

Oyster  Barges,  if  moored  to  bulkhead  or  pier 
fPaint  and  Varnish   stocks 
fPainters  and  Glaziers        .... 
♦fPaintings  for  Exhibition,  value  expressed 
Paper  Box  Factories: — 
Machinery  and  Fixtures 

Stock        

fPaper,  in  packages  only     .... 
fPaper,  Paper  Bags  and  Twine 
Paper  Hanging  Factories,  Contents 

Building 
*tPaper  Hanging  and  Decorations     . 

Paper,  Waste,  see  Rags. 
fParasols  and  Umbrellas    . 
fParquetry  Flooring    . 
fPatent    Medicines 
♦fPatterns,   cloth   or   paper 
*tPawnbrokers   Stock 
Pawnbrokers  Stock  in  approved  Fireproof  Safes 
per   cent  Average   Clause 
With  80  per  cent  Average  Clause 
fPawnbrokers  Right  and  Interest  out  of  safes 
Pawnbrokers  Right  and  Interest  in  fireproof  safes 
With  80  per  cent  Average  Clause 
With  Full  Average  Clause 
See  Page  116  for  form  of  policy. 
fPerfumery  and  Soaps        .... 
Phonographs  and  Phonograph  Records 
♦fPhoto  and  Artists  Supplies    . 
fPhotographic   Galleries    .... 
Physicians  and  (or)  Dentists  tools,  materials  and  appara- 
tus, when   written  specifically  and  when  located  in 
dwellings  or  in  buildings  occupied  as  stores  on  the 
first  floor  with  exclusively  dwellings  above,  and  so 

warranted  in  policy 

Where  the  insured  makes  his  home  on  the  premises, 
dental  tools  or  physicians  implements  may  be  written 
at  same  rate  as  household  furniture  (no  change  in 
warranty  for  dwellings  or  store  with  exclusively 
dwellings  above  being  required),  but  when  such  den- 
tist or  physician  rents  an  office  in  a  building  apart 
from  his  home  such  risk  shall  be  considered  business 
occupancy,  and  written  at  the  minimum  named  in 
Hand  Book  or  at  specific  rate  obtained  from  the  Ex- 
change. 

♦fPianos 

Piano  Forte  Floaters,  see  Floaters,  page  133. 
fPiano  Makers  Supplies 


1 
1 
1 
1 

1 
1 
1 
1 

1 
1 

1 
2 
1 
1 


25 
25 

50 
00 
50 
25 
50 
50 
00 

25 
75 
60 
00 
00 
50 
25 


75 
1  25 

75 
1  00 
1  00 

40 
50 
60 

30 
25 


75 

25 
25 
50 


50 


1  25 
1  00 


GENERAL  MINIMUM  RATES 


141 


Picnic  Grounds .        . 

♦fPicture  Frames 

*tPictures,  Prints  and  Art  Goods 

Pie  and  Bread  Bakers,  steam 

Piers  and  Wharves,  and  pier  or  wharf  buildings  . 

Pier  Structures,  namely,  uncovered  pier  structures  or  open 

wharves 

Piers,  contents,  see  Wharves. 

Piers  in  course  of  construction 

Rates  on  Piers  in  course  of  construction  are  not  sub- 
ject to  any  of  the  advances  voted  May  4,  1906,  as  set 
forth  on  Circular  No.  818  revised. 

Circ.  876,  R.  C.  1-18-07. 

Pile  Drivers,  Floating 

tPlate  and  Window  Glass  (in  boxes  or  unpacked) 

fPlumbers  and  Gas  Fitters 

fPlumbers  Supplies 

fPlushes  and  Velvets 

fPocket  Books 

*tPrinted  Music 

Printers  and  Lithographers,  foot  and  hand  power 

Steam  Power 

Printer  by  Power,  with  no  cylinder  press,  occupying  one 
floor  of  a  building  only,  namely,  grade  floor  or  base- 
ment, with  only  dwellings  above  grade  floor 
If  warranty  is  made  against  use  of  benzine  and  other 
products  of  petroleum,  25  cents  may  be  deducted  (ex- 
cept from  specific  rates). 

fProduce,  Country 

fProvisions,  Salted 

Provision  establishments  (except  Smoke  Houses) 
Provision  establishments  (Smoke  Houses)  .        .        .        . 
fPublishers,  Booksellers  and  Stationers  .        .        .        . 

Rags,  waste  and  waste  paper  (privilege  to  sort)  . 

*tRaw  Feathers  except  Ostrich 

fRaw  Ostrich  Feathers 

tRaw  Silk 

fRestaurants 

Riding  Academies,  see  Stables. 
fRigging  Lofts  and  Sail  Makers,  with  privilege  to  heat  wax 

and   pitch 

With  warranty  not  to  heat  wax  or  pitch  . 
Rolling  Mills,  brick.  Building  and  Contents 
Frame  or  brick  and  frame.  Building 

Contents 

fRoots  and  Herbs 

fRope  and  Twine 

fRubber  Belting  and  Hose  (exclusive  stocks) 
fRubber  Clothing  or  Rubber  Goods 
Rubber,  Crude,  see  Crude  Rubber. 
fSaddlery  or  Harness 


2 
1 
1 
1 
1 


1 
2 
2 


00 
25 
25 
25 
25 

60 


1  00 


00 
75 
75 
75 
75 
75 
25 
00 
75 


1  25 


50 
50 
00 
75 
75 
00 
50 
50 
40 
75 


50 
60 
00 
00 
00 
75 
75 
50 
75 

75 


GENERAL   MINIMUM    RATES  142 

tSafes 35 

Goods  in  approved  fireproof  safes,  with  100  per  cent 
Average  Clause,  may  be  written  at  30  per  cent  reduc- 
tion; and  with  80  per  cent  Average  Clause  at  10  per 
cent    reduction.      The    form    must    specify    fireproof 
safes.   The  words  "iron  safes"  may  not  be  used. 
This  allowance  may  be  made  only  on  policies  written 
under   General   Minimums.     If  a   risk  is   specifically 
rated  or  subject  to  specific  rate,  application  must  be 
made  to  the  Manager  if  a  reduced  rate  on  goods  in 
fireproof  safes  therein  is  desired. 
It  is  a  violation  to  include  in  a  policy  covering  goods  in 
fireproof  safes  a  condition  that  such  goods  are  cov- 
ered while  temporarily  out  of  safes  unless  rate  is  ad- 
vanced to  that  of  stock  out  of  safes. 
When  a  card  names  a  rate  for  "goods  in  fireproof  safes" 
policies  must  be  written  in  that  form,  it  being  a  vio- 
lation to  write  to  cover  "in  iron  safes"  or  in  any  other 
form  than  that  set  forth  on  card,  viz:  "in  fireproof 
safes." 
The  rule  for  Goods  in  Approved  Fireproof  Safes  applies 
to  jewelry,  silverware,  or  other  goods  kept  in  fire- 
proof safes  in  dwellings,  same  to  be  written  under  a 
specific  item,  and  having  either  the  80  per  cent  or  100 
per  cent  Average  Clause  attached. 
fSail  Makers  and  Rigging  Lofts,  with  privilege  to  heat  wax 

and  pitch 1  50 

With  warranty  not  to  heat  wax  or  pitch  ....  60 

Saloons  (Beer  and  Liquor) 60 

fSalt .  50 

tSalted  Provisions 50 

tSaltpeter 1  00 

fSamples,  Cotton  Brokers  (exceeding  250  pounds)         .         .        1  50 

tSandpaper  and  Glue 75 

fSashes,  Doors  and  Blinds 1  00 

tScales 75 

Schoolhouses: — 

Building 25 

Contents 40 

To  apply  to  all  day  schools  with  accommodations  for 

exceeding  50  scholars,  and  to  all  boarding  schools. 
Private    Schools   accommodating  50   scholars   or  less, 
with  warranty  to  that  effect: — 

Building 15 

Contents 25 

fScientific  Instruments 1  00 

tSeeds 1  00 

fSegars 75 

Seminaries,  Building 25 

Contents 40 

tSewing  Machine  Stores 75 

tSewing    Silks 75 

fShells 75 


GENERAL  MINIMUM  RATES  143 

fShip  Chandlery 1  50 

tShipping  Agents  Stocks,  no  fibre 75 

With  fibre 1  50 

fShoemakers  Supplies  or  Findings 75 

fShoes  and  Boots 50 

fShooks  and  Staves 60 

tShooting  Galleries 75 

fSilks,  Raw 40 

fSilks  and  Satins 75 

Silverware,  out  of  safes 60 

In  fireproof  safes 35 

Silverware   or  Jewelry   Manufacturing    (rates   tenants   in 

whole  building) 60 

Silverware  or  Jewelry,  in  fireproof  safes  where  manufac- 
turing is  done,  with  100  per  cent  Average  Clause        .  30 
Singing  Societies,  Property  of,  in  rear  of  saloons         .        .         1  00 

Slaughterhouses,  brick,  no  rendering 1  50 

With  rendering        .        .        .        .        2  50 

Frame,  no  rendering 2  50 

With  rendering 3  50 

fSleighs  and  Carriages 75 

Smoke  Houses,  see  Provision  establishments. 

fSmokers  Supplies 75 

fSoaps  and  Perfumery 75 

Soda   Fountain   Floater   (see  Floating  Policies). 
Soda  Water  Tanks  Floater  (see  Floating  Policies). 

tSoda,  nitrate 1  OO 

fSpelter 25 

Spelter,  if  written  specific  and  with  100  per  cent  Aver- 
age Clause  as  follows: — 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent  discount  from  established 

storage  rates. 
On  piers,  30  per  cent  discount  from  contents  rate  of 

pier. 
When  Spelter  is  contained  in  non-fibre  listed  storage 
stores,  it  shall  be  written  at  proper  addition  to  Base 
Rate  of  charge  named  therefor  in  Alphabetical  List. 
When  Spelter  is  contained  in  a  listed  non-fibre  storage 
store  not  rated  under  the  Mercantile  Schedule  the 
rate  therefor  shall  be  that  of  other  contents  less  30 
per  cent. 

fSpice,  only "  75 

fSpices,   Coflfee  and  Teas,  wholesale  and  retail,   including 

sample  stocks 60 

fSpirits  of  Turpentine 1  00 

tSponges  and  Chamois  Leather 75 

fSporting    Goods 75 

Stables: — 

Livery,  Sales  or  Boarding,  brick,  contents       .         .         .         1  25 
Frame,  or  brick  and  frame,  building  and  contents  .         1  75 

Stage  Stables,  building  and  contents         .         .         .        .         1  50 
Private  Family  Stables,  warranted  as  such. 


GENERAL  MINIMUM  RATES 


144 


with 


same. 


Brick,  Stone  or  Iron.     Building 

Contents 
Frame  or  Brick  Filled.    Building 

Contents 
All  other  Stables:  Brick,  Contents 
Brick  and  Frame,  building  and  contents 
Frame,  building  and  contents     . 
If  in  writing  policies  covering  in  stables,  a  phrase   is 
used  covering  vehicles  generally,  it  must  be  in  the 
following   form:   "On  vehicles  of  every  description, 
excluding  automobiles  of  all  kinds." 
fStationers,  Publishers  and  Booksellers  . 
fStaves,  Timber,   Hardwood,   Mahogany 
Steam  Bakeries,  Bread  and  Pie 
Steam  Cracker  Bakery      .... 

Steam  Dredges 

Steam   Manufacturing   Risks,  unless   specifically  rated   or 

stated 

Other  Contents  of  less  hazard  . 

fSteel 

Storage  Stores  (listed)  non-fibre  (see  page  64). 
Listed,  Cotton  and  Fibre. 
Cotton   alone.      Building     . 

Contents     . 
Fibre  other  than  Cotton,  or  cotton 

Building    . 

Contents     . 

Unlisted,  Cotton  and  Fibre. 

Cotton   alone.     Building    . 

Contents     . 
Fibre  other  than  Cotton,  or  cotton 
Building 
Contents 

For  Furniture,  see  Furniture  Storage. 
Exclusively  for  grain  other  than  elevators 
Store  Furniture  and  Fixtures,  rate  same  as  contents,  and 

subject  to  same  deductions  as  contents  policy. 
Stores  and  dwellings   (other  than  in  Long   Island   City), 
warranted  for  dwelling  occupation  exclusively  above 
grade  floor. 
Brick,  Stone  or  Iron: — 

Building 

Household   Furniture 

Frame  or  brick  filled: — 

Building 

Household  Furniture 

Stocks   and   contents   other   than    household   furniture 

take  general  minimum  rates. 
A  one  story  building  occupied  for  mercantile  purposes 
in  front  with  a  dwelling  in  rear  of  same,  if  not  spe- 
cifically rated,  may  be  written  at  the  same  minimum 
rates  as  would  apply  to  stores  with  exclusively  dwell- 
ings above. 


with 


same. 


20 
26 
32 
32 
00 
25 
50 


1 
1 
1 

2 
1 


75 
45 
25 
75 
50 

00 
50 
60 


1  75 

1  75 

2  25 
2  25 

1  75 

1  75 

2  25 
2  25 

1  25 


20 
24 

40 

40 


GENERAL  MINIMUM  RATES  145 

tStoves .  60 

fStraw  and  Hay  (bundles  and  bales) 2  00 

fStraw  Goods,  Wholesale  (in  packages)         ....  75 

*tRetail 1  00 

fSugars  and  Syrups 50 

Sugar  Refineries,  building  and  contents        .        .        .        .  3  00 
Sugar  Refineries,  not  in  operation  and  closed  for  a  definite 

period,  building  and  contents  (warranted)  .        .        .  1  50 

*tSurgical  Instruments 1  00 

Sweat  Shops  (being  all  classes  of  such  risks  occupying  the 
major  part  of  the  building). 

Contents 5  00 

Building 4  00 

fSyrups  and  Sugars 50 

JTailor,  Merchant 60 

Tailors  work  shops,  see  Sweat  Shops. 

fTailors  Trimmings 75 

fTailors  Trimmings  with  Cloths 75 

tTallow 50 

*tTaxidermists 1  50 

fTeas,  Coffees  and  Spices,  wholesale  and  retail,  including 

sample  stocks 60 

Tenements,  see  Dwellings,  etc. 

fTerra-Cotta  Ware 75 

Telegraph  and  Telephone  apparatus,  furniture  and  fixtures, 

in  District  Call  Stations 60 

Telegraph  and  Telephone  Buildings,  contents       .         .         .  2  00 

Theatres,  fireproof.  Building 2  00 

Contents 3  50 

Not  fireproof.  Building  .         .         .         ...         .  3  00 

Contents  .......  4  00 

*tTheatrical  Goods 1  50 

fTiles 75 

Tin,  Block.    See  Block  Tin. 

fTin  Plate 50 

Tinsmiths 1  00 

fTobacco 75 

Tobacco  and  Cigarette  Factories 2  00 

Tobacco  Inspection  .         .         . 1  00 

*tToys  and  Games 1  25 

fTrimming  Stores 75 

tTrunks  and  Bags 75 

fTrusses,  Artificial  Limbs 1  00 

Turkish  Baths 75 

fTurpentine,  Spirits  of      .         .     ^ 1  00 

Tug  Boats  (constructed  for  towing  only),  other  than 
ocean-going  tugs  (Tug  Boats  which  go  to  sea  exclu- 
sively for  towing  scows  to  dumping  grounds,  not  to 

be  considered  as  ocean-going  tugs)       ....  75 

fTwine,  Paper  and  Paper  Bags 1  00 

fTypewriters 75 

Typewriter  Floater  (see  Floating  Policies). 


GENERAL  MINIMUM  RATES  146 

fUmbrellas  and  Parasols 75 

tUndertakers  Stocks 1  00 

fUndertakers   stocks,  with  warranty  for  no  woodworking 

or  varnishing 60 

Unoccupied  Buildings  (not  to  include  buildings  in  course 

of  construction  or  dwellings).  (See  warranty,  page  81)  50 

Upholsterers  (no  mattress  manufacturing)  .         .         .         .         1  50 

fUpholsterers  Hardware 75 

tUpholsterers  Supplies 60 

fVariety  Stores 1  50 

fVarnish  and  Paint  Stock         . 1  50 

fVarnish  Gums  (stocks  consisting  exclusively  of)         .         .  50 

Vaults  under  sidewalks,  cut  off  from  building  by  approved 

fire  doors,  contents  of — in  entire  Metropolitan  District  40 

The  minimum  for  Contents  of  Vaults  (40  cents)  is  lim- 
ited by  the  rule  (page  54)  regarding  occupants  of 
specifically  rated  risks  who  are  not  named  on  the  card, 
viz,  that  such  occupant  may  not  be  written  at  mini- 
mum rate,  but  must  be  written  subject  to  specific  rate 
with  application.  Therefore,  in  case  insurance  is 
asked  on  contents  of  vaults  in  a  specifically  rated 
risk — such  item  not  being  mentioned  on  the  card — 
members  cannot  accept  it  at  the  40  cents  minimum, 
but  can  only  do  so  subject  to  specific  rate,  with  ap- 
plication for  same. 

fVelvet  and  Plushes 75 

fVeneers       .         .         . 1  50 

fWadding  and  Cotton  Bats 1  25 

*tWall    Decorations 1  25 

Wall  Paper  Factories,  Contents       ......        2  00 

Building       .         .         .         .         .        .         1  50 

tWaste,  rags,  and  waste  paper,  privilege  to  sort     .        .        .        3  00 

fWhale  Bone 40 

Wharf  and  Pier  Risks,  contents,  covered,  warranty  against 

storage  of  cotton,  jute  or  other  fibre    .        .        .        .        1  00 

Open,  with  same  warranty 25 

Covered  or  Open,  cotton,  warranty  against  storage  of 

jute,  hemp  or  sisal 1  50 

Covered  or  Open,  fibre  other  than  cotton  or  cotton  with 

same 2  00 

Wharves  and  Piers  and  pier  and  wharf  buildings        .        .        1  25 
Wharves,  namely,  open  wharves  or  uncovered  wharf  struc- 
tures    60 

tWhip  Stocks *  .         .         .  75 

fWhite  Goods,  Hosiery  and  Notions 75 

fWillow  or  Wooden  Ware 1  25 

fWindow  and  Plate  Glass  (in  boxes  or  unpacked)        .       *.  75 

fWindow   Shade   Stores 75 

twines  or  Liquors,  with  or  without  privilege  to  bottle  or 

pack 60 

tWire  or  Wire  Goods 1  00 

tWood  and  Willow  Ware 1  25 


GENERAL  MINIMUM  RATES  147 

Wood  Workers,  hand  power  (except  as  below). 

Building 1  00 

Contents 1  50 

Wood  Workers,  hand  power,  occupying  one  floor  only, 
namely,  grade  floor  or  basement,  with  only  dwellings 

above  grade  floor 75 

Wood  Workers,  steam  power,  building  and  contents  .        .  2  00 

fWool 40 

tWooIens 40 

fYarns,  Woolen  and  Cotton     .        .        .        .        .        .        .  ^0 


